The Pyongyang Business School was launched in the middle of 2004 with an inaugural lecture by the Director General of the Swiss Agency for Development and Cooperation (SDC), the main sponsor. Felix Abt, a representative of renowned foreign companies and investors, and based in the Democratic People's Republic of Korea (DPRK) since 2002 was during the first 2 years a co-sponsor by working free of charge and shouldering a part of the cost himself.


It later took the form of a Public Private Partnership (PPP) between sponsor SDC and Felix Abt, responsible for the concept, promotion and implementation of the Business School.

The Korean partners were first the former Flood Damage Rehabilitation Committee (under the auspices of the Cabinet) and now the Korean European Cooperation Coordination Agency (KECCA) under the Ministry of Foreign Affairs.

The Pyongyang Business School is welcoming new institutional, corporate and individual sponsors, whose financial contributions keep the school going. For further information about sponsorship, please click on Sponsors.