Dear MEL Topic Readers,
North Korea breaks ground on 10,000-home residential project in major housing drive
The Democratic People's Republic of Korea, DPRK or North Korea, lies in the northern part of the Korean peninsula. It divides the peninsula with South Korea at the Korean Demilitarized Zone at 38th parallel north. The population is just about a half of South Korea’s 52 million but its GDP per capita is less than 5% of its southern rival. In short, most people in North Korea are poor, hungry, and oppressed while only a handful of government and military officials enjoy modern standard life in the capital city, Pyongyang. Now, while launching high-speed missiles to the Sea of Japan, they also launched a new project to build 10,000-apartment residential buildings in the capital. The renderings show towers, which appear to have 40 or more stories, rising on a modern street. This project is just part of the 50,000 new homes that the government had promised to develop by 2026. Who can afford, or are entitled, to live in those prestigious homes? North Korea has the money and power to launch high-tech missiles to show off its military might to the southern rival and the US. Also, they seem to have the money to accommodate selected elites to live comfortably in the capital. And they had the money to construct a 3000-room hotel in 1992 but just have left it unfinished for the last two decades.
North Korea is indeed a mysterious country.
Enjoy reading the article and learning about North Korea’s new housing project.
https://edition.cnn.com/style/article/north-korea-housing-hwasong/index.html
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