Motorola Inc is to be part of a groundbreaking US trade mission to one of the most closed markets on earth, North Korea. Other potential investors in the last surviving bastion of hardline cold-war style communism include GE Capital and Goldman Sachs. The three major companies will join several smaller players on the trip which is being organized by the Seoul-based American Chamber of Commerce in Korea.
AmCham executive director Tami Overby said the US firms are not seeking immediate profits from investing in North Korea, and said they are trying to build a business base for the post-unification era.
Chamber president Jeffrey Jones who will lead the mission has been communicating in writing with Lee Kun, a North Korean representative at the United Nations regarding the plan. In principle they have agreed to the AmCham plan. It is just a matter of timing, Overby said.
