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Objectives
The main focus of the school is on stepping up productivity, increasing competitiveness and developing business strategies for export markets.
One of our prime objectives is to provide professional skills to North Korean enterprises in order to enhance their ability to develop and commercialise high-value goods that generate income, profits, employment and foreign exchange.
Our medium-term goal is to carry out MBA (Master of Business Administration) courses that reach international MBA level.
The Pyongyang Business School is also intended as a cost-effective communication and networking platform enabling DPRK-based companies to gain access to foreign companies (through school sponsorship) as potential customers, suppliers and/or investors.
On request, courses on public management will also be offered to capitalise on the experience gained from market reforms in other countries, where capacity-building at different levels has helped create favourable framework conditions for both domestic business and foreign investment and thereby significantly boosted the national economy.
Last but not least, the Pyongyang Business School aims to contribute towards the efforts of the government of the Democratic People's Republic of Korea to boost exports and economic growth and to successfully reach its goals of becoming an economically strong and prosperous country.
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Female executives from various banks pictured together with Andreas Kuehnis (l.), Vice President of Credit Suisse and lecturer on International Trade Finance, and Felix Abt, Director of the Pyongyang Business School and Peninsula Partners Ltd. Promoting the professional talents of Korean women is also one of the school’s prime objectives.
What the media say:
“The objective of the school is to provide management and business expertise to strengthen the competitiveness of (North) Korean enterprises and to make them strong and competent partners for European enterprises.” (The Pyongyang Times, Pyongyang).
“As North Korea's economic reforms trickle through to factory level, company managers are now learning about market research, buyer behaviour and even e-commerce at the Pyongyang Business School”. (The Financial Times, London)
The French newspaper Le Monde reports that the chief executives of North Korean companies enjoy now more autonomy but lack the business skills to make their enterprises benefit from it. Le Monde says that to fill the knowledge gap the Pyongyang Business School was set up: “`Pyongyang Business School´ tente de pallier cette carence. Financée par l'Agence pour le développement par la Suisse et l'European Business Association, Pyongyang, qui réunit une douzaine d'entreprises étrangères présentes en RPDC, cette école invite des hommes d'affaires étrangers à faire des conferences.”
More detailed explanations
on the Pyongyang Business School by the School Director here
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