Why a Secretive Group of Western Investors Are Bullish on Business in North Korea

The labels said Made in China. But after photographs taken at a North Korean garment factory turned up online last month, Australian athletic gear manufacturer Rip Curl was forced to admit that 4,000 of its jackets had actually been manufactured in the Hermit Kingdom. Rip Curl, which said its order had been secretly farmed out to the North Korean factory by a Chinese supplier, offered refunds to its customers and promised to donate all profits it had made from the jackets. The company also said it cut ties with the Chinese supplier. "We are very sorry that Rip Curl has breached the trust of ... READ MORE