"Given the fluid institutional basis for many of the new economic institutions in North Korea, it is even possible that the SEDC and JVIC could be merged again at some point in the future."
Short answer: we think this is a good thing. Investor agreements, 'exclusive' rights and attraction need to be streamlined to prevent multiple 'exclusive' rights being sold. While this can bureaucratize the investment process, things really can't get more bureaucratic than it is now in North Korea.
Ministry of Foreign Trade Reorganized as Ministry of External Economic Affairs
Pyongyang, June 18, 2014 20:58 KST (KCNA) — The DPRK decided to reorganize the Ministry of Foreign Trade as the Ministry of External Economic Affairs of the DPRK by merging the Joint Venture and Investment Commission of the DPRK and the State Economic Development Committee of the DPRK with it.
The Presidium of the DPRK Supreme People's Assembly promulgated a decree in this regard on Wednesday.