Choson Exchange Explained

Pic:File:ChosonExchange-Logo.jpg
Piccap:Logo of Choson Exchange
S:朝鲜交流
T:朝鮮交流
P:Cháoxiǎn Jiāoliú
Hangul:조선교류
Hanja:朝鮮交流
Rr:Joseon Gyoryu
Mr:Chosŏn Kyoryu

Choson Exchange is a Singapore-registered social enterprise focusing on economic policy, business and legal training for young North Koreans. Choson Exchange brings foreign volunteers to teach entrepreneurship, business, marketing, law or economics, after which the volunteers tour relevant sites in North Korea. They also sponsor North Koreans to go overseas for exposure and learning. Programs include economic policy, entrepreneurship and financial sector development.[1]

The organization brought over 100 foreign volunteers to train over 2000 North Koreans by 2018, brought over 100 Koreans to Singapore, Vietnam and Malaysia for exposure and learning.[2] [3] Choson Exchange is the largest business network in North Korea and the most active organization training Koreans in economic areas. It has been profiled as a Harvard Business School case study and was cited by futurist Parag Khanna's book Connectography as "the most prominent international nongovernmental organization operating in North Korea".[4] [5] Some notable volunteers at programs include George Yeo, former Minister of Foreign Affairs, Trade & Industry, and Information, Communications and the Arts for Singapore.[6]

Background

Choson Exchange was founded by Geoffrey See, a Yale University and Wharton School graduate and MIT Researcher, who began negotiations over educational exchange with North Koreans in 2007. The organization focuses on providing “training and advisory in topics related to business, economics, finance and law” in North Korea.[7]

Current projects

Choson Exchange brings volunteers to train DPR Koreans in Pyongyang, Pyongsong, Wonsan and Rason in economics, entrepreneurship and business and also conducts training programs overseas to provide Koreans with greater exposure to the world. Workshop leaders volunteer in their private capacity, and previous trainings have featured the ex-Finance Minister of Singapore, ex-Chairman of Singapore International Airlines, bankers from Goldman Sachs and Bank of America Merrill Lynch as well as big-four consultancies, major tech companies and startups.[8] Choson Exchange workshop fall into two main tracks, one focused on business and management skills, the other on broader economic management issues. Major programs in these fields include the Women in Business program, aimed at supporting female entrepreneurs and managers and the Provincial Development Program, focused on the governance of DPRK Special Economic Zones.[9] [10] The organization also supports young North Koreans with internships and scholarships for longer, master's-level study programs.[11]

Choson Exchange compiles and distributes economic and business materials in various formats for audiences in North Korea.[12] The non-profit is also working on establishing an incubator in North Korea.[13] The founder is a member of the Kauffman Fellows Program, a leadership program for venture capitalists and those involved in building out entrepreneurial ecosystems.

2018 North Korea–United States summit

In 2018, the Washington Post cited Choson Exchange's work bringing North Koreans to Singapore as one among a number of reasons why Singapore was chosen as the site of the 2018 North Korea–United States summit between the leaders of the United States and DPRK, Donald J. Trump and Kim Jong Un.[14] The Washington Post also noted that Kim Jong Un's tour around Singapore's Marina Bay, during which he praised Singapore's development, was exactly the same route in which more than 100 of Choson Exchange's North Korean participants had taken in the past when they visit Singapore.[15]

Singapore-South Korea relations

In 2018, Seoul Mayor Park Won-soon visited Singapore and expressed appreciation for Choson Exchange's work introducing economic policy, business and entrepreneurship to DPR Koreans.[16] After the meeting, Mayor Park told South Korean media that Seoul should initiate startup exchanges with North Korea, with the work of Choson Exchange as a reference for what is possible and should be done.[17] Later that year, Choson Exchange was represented at the State Dinner between President Halimah Yacob and President Moon Jae-in during a state visit to Singapore.

Research and outreach

Choson Exchange studies and reports on changes in North Korea's economic policy and investment laws for an international audience.[18] [19] [20] Choson Exchange staff also provide analysis on political or social events, particularly as they relate to the economic life of the DPRK.[21] [22] [23]

The organization is also regularly cited by international news organizations on political and economic developments in North Korea, having appeared in The New York Times, The Washington Post, the Guardian, The Economist, Reuters, the Associated Press, China Daily and others.[24] [25] [26] [27] [28] [29] [30]

Notes and References

  1. Web site: North Koreans learn lessons in Singapore. Korea JoongAng Daily. JoongAng Media Network. 13 March 2016. 22 October 2011.
  2. Web site: Meet the young Singaporeans building bridges with North Koreans. Al Jazeera. Jun 18, 2018.
  3. Web site: Man who Teaches North Koreans Business. Bloomberg News. Jun 18, 2018.
  4. Web site: Going Rogue: Choson Exchange in North Korea. www.hbs.edu . Harvard Business School. Nov 2, 2016.
  5. Book: Connectography: Mapping the Future of Global Civilization. Parag Khanna. 2016. 978-0812988550.
  6. Web site: Encouraging Dialogue: Ex-Singapore Foreign Minister George Yeo Joins Choson Exchange in North Korea. Choson Exchange. Aug 18, 2019.
  7. Web site: Our Programs. Choson Exchange. 13 March 2016.
  8. Web site: "30대 北관료들 싱가포르 경제 배우길 원해". NK Bureaucrats Want to Learn About Singapore's Economy. Yonhap News Agency. Yonhap News Agency. Korean. 13 March 2016. 18 October 2011.
  9. Web site: Choson Exchange 2013 Women in Business Project. North Korean Economy Watch. 13 March 2016. 5 February 2014.
  10. Web site: Can North Korea Make SEZ Work?. Choson Exchange. 27 April 2014.
  11. Web site: Choson Exchange looking for DPRK student mentor. North Korean Economy Watch. 13 March 2016. 15 December 2010.
  12. Web site: NGO Presents KN Development Materials. MK News. Korean. 21 October 2011.
  13. Web site: Can North Korea create a startup culture?. E27. Geoffrey K See. 13 March 2016. 15 September 2014.
  14. News: Trump and Kim will meet in Singapore 2018. Taylor. Adam. 10 May 2018. The Washington Post. 16 May 2018.
  15. News: Kim Jong Un Went Sightseeing in Singapore. Anna . Fifield . Anna Fifield . 11 June 2018. The Washington Post. 16 June 2018.
  16. Web site: Son . Dae-seon . 손대선 [Son Dae-seon]. 박원순, 北전문 싱가포르 NGO단체와 간담회…서울·평양 협력 조언 구해. JoongAng Ilbo. July 10, 2018.
  17. Web site: The Korea Times. Seoul in search of entrepreneurs for NK. 9 July 2018 . Jul 10, 2018.
  18. Web site: Ramstad. Evan. NK Follows China in Legal FDI Framework. The Wall Street Journal. Dow Jones & Company, Inc.. 13 March 2016. 22 July 2011.
  19. Web site: The Complete Guide to North Korea Investment Laws. Choson Exchange. 13 March 2016. 2 June 2014.
  20. Web site: Abrahamian. Andray. "The Honeymoon Period Is Over": Short Report on Rason Special Economic Zone, Democratic People's Republic of Korea August, 2012. Choson Exchange. 13 March 2016. August 2012.
  21. Web site: Abrahamian. Andray. The North Korean women driving economic change. The Guardian. Guardian News and Media Limited. 13 March 2016. 1 August 2014.
  22. Web site: Abrahamian. Andray. Hello Kitty, Hello Wonsan. 38 North. 13 March 2016. 9 July 2014.
  23. Web site: Abrahamian. Andray. Give Dennis Rodman a break. CNN. Cable News Network. 13 March 2016. 7 January 2014.
  24. Web site: In the News. Choson Exchange. 13 March 2016.
  25. Web site: Branigan. Tania. McCurry. Justin. After Kim Jong-il's death, what next for the people of North Korea?. The Guardian. Guardian News and Media Limited. 13 March 2016. 19 December 2011.
  26. News: Pearson. James. Munroe. Tony. For Kim-watchers, N.Korean anniversary on Friday is pivotal. 13 March 2016. Reuters. Yahoo News. 9 October 2014.
  27. News: Sang-Hun. Choe. Choe Sang-hun. North Korea Said to Impose Ebola Quarantine on All Travelers. 13 March 2016. The New York Times. 30 October 2014.
  28. News: Fifield. Anna. North Koreans take a lesson in business, starting with a 'lean canvas'. 13 March 2016. The Washington Post. 21 March 2015.
  29. News: H.T.. The Big Mac Index Goes to North Korea: Cheeseburger in Paradise Island. 13 March 2016. The Economist. The Economist Newspaper Limited. 20 June 2013.
  30. News: Talmadge. Eric. Building fail sheds light on N. Korean priorities. 13 March 2016. Associated Press. 16 August 2014. 21 November 2014. https://web.archive.org/web/20141121202024/http://bigstory.ap.org/article/building-fail-sheds-light-n-korean-priorities. dead.