[Prayer] Investing in North Korea is like pie in the sky
On 16th, Radio Free Asia reported that Orascom that owns 75% of Koryolink has made profits of 163 million dollars in the first half of this year. For last 7 years, Orascom has earned about 653 million dollars that has been paid to Koryolink by North Korean users. However, Orascom is having difficulties to get money out of North Korea and Deloitte points out that if the North Korea government applies expensive exchange rate, Orascom might suffer a serious loss.
This situation was actually predictable. The North Korean investment rules for foreign companies are unclear and it is not easy to cash North Korean money into dollars under the North Korean foreign exchange control. The international society is also imposing sanctions against North Korea.
Nevertheless we have to pray for North Korea’s economy to get better for reunification.
Lord, we pray for North Korean bearing in mind of the Scripture in Ecclesiastes 6 verse 11 “Seeing there be many things that increase vanity, what is man the better?” Even though Orascom, the Egyptian company has made fair margin in North Korea, it has difficulties to cash it. Lord we pray for North Korea’s economy system to be transformed so that North Koreans can make for their living inside of the country. Lord, please revive the North Korea economy for reunification. We pray for its system and policy to become clear so that foreign companies can securely invest into North kore. Lord, change the North Korean political system and the nation on the whole. We pray for a new atmosphere among North Koreans for the gospel sake. In Jesus' name we pray. Amen