Development of Special Zone for International Tour Progresses Apace in DPRK

Pyongyang, July 11 (KCNA) – Big efforts have been channeled into developing Mubong area into a special zone for international tour in the Democratic People's Republic of Korea. In this regard, Kye Song Nam, vice-chairman of the Korea Economic Development Association, told KCNA: The special zone for international tour of Mubong covers an area of 20 square kilometers. It will boast of hotels, a race track, golf course, hot water bathroom, shower bath place and vacationland. A project for electricity supply system was already finished in the zone in cooperation with a foreign business. Construction of all infrastructures will be completed in a few years. Foreigners can carry on business activities solely in the special zone in conformity with the DPRK Law on Economic Development Parks. The DPRK government has taken a measure to reduce land lease charge and business income tax for foreign businesses which invest in building infrastructures and make high-tech products in the special zone. Many foreign businesses have already expressed their willingness to take part in developing the special zone for international tour of Mubong, he said. -0-