Thursday, July 14, 2011

KFC to Invade North Korea?

Coca-Cola, KFC may enter North Korea
By Kang Yoon-seung
Intern reporter
Edited by Rob York

Coca-Cola and Kentucky Fried Chicken have recently agreed with North Korean officials to open branches in Pyongyang, according to news reports

Some 10 executives from the companies visited Pyongyang from July 5-9 on the invitation of the North’s Korea Taepung International Investment Group, a major channel for attracting foreign investment.

Sources said their branches will be established as early as in September.

The North’s decision to accept the symbols of capitalism and American culture is the latest in the poverty-stricken country’s moves to open up to the outside world.

North Korea recently agreed with the Associated Press to open a permanent bureau in its capital. It also signed a video supply agreement with Thomson Reuters.


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