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This week, Chinese President Xi Jinping made a historic visit to North Korea, which made North Korean leader Kim Jong-un look forward to receiving economic assistance soon. But the latest report shows that sanctions are not the only obstacles to North Korea's access to international investment.
Although there is no sign that international sanctions imposed on North Korea for its nuclear program will be lifted soon, researchers from an American think tank believe that if it wants foreign funding, North Korea has more fundamental problems to overcome.
"Although it is necessary to relax the sanctions imposed by North Korea's nuclear program, it is not enough to allow the country full access to global capital markets," Reuters saw an unpublished report from The Korea Society.
"The issues that need to be addressed include layers of U.S. and international financial constraints, as well as concerns about money laundering and the impartiality of North Korea's regulatory system," the report said.
His visits on Thursday and Friday raised the prospects for closer economic ties between the DPRK and China, but there are still many obstacles.
Even if the sanctions were eventually eased, the DPRK government still strictly controlled most of the economy.
Transparency International, a non-governmental organization, ranks North Korea as one of the most corrupt countries in the world. And there is little sign that Kim Jong-un is loosening government control substantially.

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