DPRK Legal and Accounting markets

While this has rarely made the international news, the DPRK has no desire to keep, and no intention of keeping, its legal and accounting markets either closed or “partially open”, and both the opening of HKA and its ongoing wholly foreign-owned license projects are a direct reflection of that fact.

The founding of HKA thus represents a major milestone in the DPRK's continued efforts to enhance not only foreign investment in in general but to consolidate those services industries that most investors look for when they establish themselves -- or seek to do so -- in a foreign country: legal services and accounting services.

Recognizing fully that attracting continued -- indeed increased -- foreign investment, requires, among other key things, an adequate “comfort level” on the part of foreign investors, the DPRK government anticipates eventual divestiture of the DPRK partner's participation in HKA, such as to permit, whenever the foreign business community so decides and chooses, the creation of a 100%, wholly foreign-owned law firm and accounting firm, each operating under exclusive licenses, whether as a Multidisciplinary Practice or as separate entities.