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9 May, 2018 15:41

McDonald’s in Kim’s land? Pyongyang seeks US investment as relations with S. Korea thaw

McDonald’s in Kim’s land? Pyongyang seeks US investment as relations with S. Korea thaw

The historic summit between the leaders of North and South Korea has whetted the former’s appetite for investments from the US, according to a South Korean official, as quoted by the Daily Express.

After the two Koreas gave the go-ahead for a new era of peace, Chung-in Moon, special adviser to South Korean President Moon Jae-in, even suggested outlets of US fast food giant McDonalds could be opened in Pyongyang as soon as long-term tensions between North Korea and the West ease.

“They want American investment coming to North Korea. They welcome American sponsors and multilateral consortiums coming into North Korea,” he said in an interview with the media.

The official, who is in charge of foreign affairs and national security, added that even its own Trump Tower might appear in “modern” North Korea in the future.

The comments came shortly after the heads of the two neighboring nations held inter-Korean summit and pledged to achieve complete denuclearization of the Korean Peninsula. The two leaders agreed to hold multi-party negotiations, involving the US and China. Pyongyang and Seoul will also have high-level military talks later this month.

The North Korean leader is also expected to meet with US President Donald Trump in May. Reports emerged that the historic meeting may be held in either Singapore or Mongolia. Trump confirmed the event was being planned. “Things are going very well, time and location of meeting with North Korea is being set,” the president tweeted at the time.

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