Index Brokers in North Korea
Despite North Korea's history of not having a significant presence in the financial industry, there are a few options available for those interested in trading indices:
1. Pyongyang Stock Exchange (PSE)
The PSE is the main stock exchange in North Korea. It was founded in 1946 and is located in Pyongyang. The exchange lists a few North Korean companies and the KOSPI (Korean Composite Stock Price Index) is also available for trading.
2. National Investment Fund (NIF)
The NIF is an investment fund established by the North Korean government in 1998. It is not open to the public, but foreigners can invest through the Korea Taepung International Investment Group (KTIIG), a subsidiary of the NIF.
3. Online brokers based in nearby countries
There are a few online brokers based in nearby countries like China and Russia that offer access to North Korean markets. However, it is important to note that trading with these brokers may come with additional risks due to the lack of regulation and transparency in North Korea's financial industry.
- Investors should thoroughly research these brokers and any associated risks before making any decisions.
- It is also recommended to only work with brokers that are licensed and regulated by a reputable authority.
