North Korea’s Six Trillion Dollar Question -- Scott Thomas Bruce, The DiplomatNorth Korea holds trillions of dollars in mineral resources. Unless it reforms its economy, it may never see much benefit.
Rare earth metals can be a game changing bonanza for North Korea, but, without reform, their claim is likely to pinch out. In the end, the North Korean government must determine if the minerals will be a lever to shift political relations in the region, or if it will continue to sell its most valuable asset at a discount.
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My Comment: Even if North Korea had 60 trillions of dollars in mineral resources .... not 6 trillion .... the political situation in the country makes it impossible to invest and develop these resources. The Pyongyang government is just too unpredictable and unstable for anyone to get involved.
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