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Rasŏn
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Description
Rasŏn, also known as Rason, is a special economic zone located in the northeastern part of the Democratic People's Republic of Korea (North Korea). It lies along the border with China and Russia, making it a strategically significant area for trade and commerce. Established in 1993, Rasŏn aims to attract foreign investment and facilitate economic development through favorable conditions for businesses.
The area covers approximately 1,500 square kilometers and includes key infrastructure such as the Rason Port, which serves as a vital link for maritime trade. The port enables access to international shipping routes, promoting Rasŏn as an important hub for economic activity. Additionally, the zone features various manufacturing and processing industries, focusing on sectors like agriculture, textiles, and electronics.
Despite its potential, Rasŏn faces challenges, including political and economic constraints. The ongoing geopolitical tensions in the region, coupled with sanctions imposed on North Korea, impact foreign investment and development projects. Nevertheless, efforts continue to promote Rasŏn as a gateway for economic engagement with neighboring countries and beyond.
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