North Korea is planning to set up a special administrative region and create a financial and commercial centre to rival all others in Asia. The North Korean authorities say the area will be autonomous, with its own legislative, judicial and executive powers.
The state has named the man who will be in charge. It’s Yang Bin, CEO and chairman of Euro-Asia Agriculture Holdings.
Yang was China’s second-richest man until the bottom fell out of Euro-Asia’s share price following allegations of improper corporate behaviour.
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