Basically FDI-related legal system of North Korea seems insufficient to ensure the legal security regarding foreign investment owing to inexperienced and unskilled legislation of capitalist law. For instance, it has ambiguous legal words and concepts,...
Basically FDI-related legal system of North Korea seems insufficient to ensure the legal security regarding foreign investment owing to inexperienced and unskilled legislation of capitalist law. For instance, it has ambiguous legal words and concepts, and lacks consistency. Also it can`t guarantee investment effectiveness fully. Therefore a series of amendments to FDI-related laws of North Korea has to be done. Firstly, it has to make clear ambiguous legal words and concepts. Secondly, it has to streamline mutually conflicting laws and regulations. At the same time the North Korean government has to avoid the centralized control and operation of the governmental authorization process and change it`s passive attitude toward FDI.