Helping Build a New Finance College

Kim Il Sung University, Pyongyang

North Korea established a new finance department at Kim Il Sung University last year. We worked with professors from this department during our workshop in September, and our workshop leader mentioned that there were very promising people among the group.

In line with our aims of promoting knowledge exchange in economics and business (especially in finance), we are exploring ways to work with Kim Il Sung University Finance College to develop intellectual capital. Aside from short-term guest lectures at the college, we are looking to set up a faculty development fund to bring professors out to overseas universities.

Pyongyang University of Foreign Studies was also looking into expanding their business classes and at setting up a management department. However, the professor in charge of the initiative has been replaced so we don't know what is the current status of this initiative.