The board of Phoenix Commercial Ventures has decided to withdraw from the DPRK with immediate effect.
As a consequence Phoenix Commercial Ventures Ltd will be dissolved.
A further announcement will be made as and when the company is dissolved
Phoenix Commercial Ventures Ltd offered investors business and investment opportunities in the DPRK (sometimes referred to as North Korea or Democratic People’s Republic of Korea).
Phoenix Commercial Ventures Ltd is owned and run by three experienced professionals, who are based in London, Paris and Asia.
The Board has between them many years of international business experience, and an invaluable network of well placed contacts.
Phoenix Commercial Ventures Ltd offers a unique service, by being able to offer direct access to the DPRK.
Phoenix Commercial Ventures Ltd specialises in project finance in the DPRK. As is well known, the business environment is difficult, and the company targets very specific investment projects and businesses; these are small enough to manage and have the capacity to generate foreign currency, either through export or import substitution.