North Korea's decision to dismantle its nuclear program and its strengthening of commercial ties with other countries has enabled Western firms to conduct business in the country for the first time in decades. A large financial services firm hired Ergo to examine the nascent North Korean investment environment and to identify opportunities and assess risk.

Ergo collected firsthand information about North Korea's attitudes and receptivity toward foreign investment, as well as current and future investment opportunities, through extensive interviews (many in Korean and Mandarin) with well-placed sources in Pyongyang, Seoul, Beijing, Tokyo, London, and Moscow. Our sources were selected for their direct experience operating in both the public and private sectors of one of the world's most inaccessible countries.

Ergo's findings provided the client with exclusive insights into the uncharted North Korean investment landscape. Guided by our analysis, our client developed a thorough understanding of the various opportunities and inevitable risks present in the enigmatic country.