With Sanctions on the DPRK being lifted at a rapid pace the Supreme Leader has decided to launch a new economic plan that involves outreaching to the international market, foreign investment, modernization, and using our nations natural gifts.

Oil and Natural Gas

While the DPRK has always suffered from oil shortages, recent data indicates that the DPRK has massive offshore oil reserves numbering some 65 billion barrels, with an additional three unexplored basins. By the US EIA estimates, this would give the DPRK the 9th largest oil reserves globally and by BP rankings the 10th. Moreover, the DPRK also has various basins of natural gas estimated at around 1 trillion cubic feet of gas, with much more likely undiscovered as it is largely unexplored. At current market rates of $4.5 per MMBtu of natural gas and $91 a barrel of oil, the DPRK's confirmed reserves would be an approximate value of $10,415,000,000,000 with potentially far more in unconfirmed reserves.

However, the DPRK has never had the funds, access to technology, or experts to extract these reserves correctly. Although, this all changes now. With the lifting of sanctions, the DPRK will exploit its gifts to benefit the nation and the world. For this reason, the Supreme leader will create a new company; The North Korean Oil and Gas Company, or NKOG.

The North Korean Oil and Gas Company Inc. $1.5 Trillion Initial Private Offering of Common Shares @ $150 per Share

Not available for sale to residents and/or citizens of Japan or South Korea

Timetable

• Pricing: Expected the week of October 3rd, 2031.
• Closing: Expected the week of October 3rd, 2031.

Syndicate Economics:

• Bookrunners**:** The Government of North Korea 45.1%
• Co-Managers: Central Bank of the Democratic People's Republic of Korea 5%

Issuer:

• The North Korean Oil and Gas Company Inc.

Selling Securityholder:

• The North Korean Oil and Gas Company Opportunities Fund L.P. (the “Selling Securityholder”)

Offering:

• Initial private offering of ~$150 on common shares (the “Common Shares”)

Offering Price:

• It is anticipated that the Offering Price will be US$150 per Common Share.

Offering Size:

• Approximately US$735,000,000,000 billion

Use of Proceeds:

• Net proceeds from the Treasury Offering used as follows: (i) net proceeds will be used to complete drilling, technical work, land acquisitions, and exploration as well as recurring listing fees, and marketing costs.

Eligibility:

• The Common Shares will be eligible for Private Corporations and Persons, Governments and Sovereign Trusts.

This company will be issued with 10,000,000,000 shares, each valued at $150. This will give the company a market value of $1,500,000,000,000, of which the DPRK will retain 5,010,000,000 shares. The breakdown of how the remaining shares will be sold is as follows:

• 2,496,000,000 shares will be exclusively sold to the PRC and Chinese investors.
  • All shares not sold within seven days of their issuing in the PRC will be sold on the general market to outside investors.
• 2,494,000,000 shares will be sold to the international market
  • South Korean and Japanese citizens will not be permitted to buy these shares.

Many investors may be worried that the DPRK will sell oil and natural gas below market value. However, this will not be the case. The DPRK will pay the total price for all oil and natural gas it purchases from this company. Moreover, only a maximum of 33% of oil and gas extracted from this company will be sold in the DPRK.

We expect this offer to be highly enticing to outside investors due to the meager operating costs to run companies in the DPRK. Operating costs will be minimal as labor costs will be covered by the DPRK itself outside of the company's expenses.

Payments can be made in a variety of ways such as the following:

• Cash (USD, Chinese Yuan, Euro's)
• Military equipment
• Raw materials or finished goods
• Discounts on government contracts
• Shares in other companies

Payments also do not have to be made all at once, payment plans are available to those who wish to buy large quantities of stock at one time.

Mining

It's well known across the world that the DPRK holds vast quantities of natural resources. Within the DPRK, there are confirmed reports of over 200 different kinds of minerals across 80% of our nation. These minerals have an estimated value of 10 trillion dollars. The value of these minerals is possibly much higher as new deposits could be discovered with modern drilling and prospecting technology. For decades, we have known where these reserves are, but we have not had the capital to purchase proper equipment or build infrastructure to mine these.

However, with sanctions being lifted, the potential for profit in this sector has never been higher. We will now be able to import the materials and personnel needed to ensure that these minerals get extracted at a profitable and efficient rate. Therefore, the Supreme leader is happy to announce that a new company will be launched; The North Korean Mining Company, or NKMC for short.

The North Korean Minings Company Inc. $2.5 Trillion Initial Private Offering of Common Shares @ $250 per Share

Not available for sale to residents and/or citizens of Japan or South Korea

Timetable

• Pricing: Expected the week of October 3rd, 2031.
• Closing: Expected the week of October 3rd, 2031.

Syndicate Economics:

• Bookrunners: The Government of North Korea 45.1%
• Co-Managers: Central Bank of the Democratic People's Republic of Korea 5%

Issuer:

• The North Korean Mining Company Inc.

Selling Securityholder:

• The North Korean Mining Company Opportunities Fund L.P. (the “Selling Securityholder”)

Offering:

• Initial private offering of ~$250 on common shares (the “Common Shares”)

Offering Price:

• It is anticipated that the Offering Price will be US$250 per Common Share.

Offering Size:

• Approximately US$1,225,000,000,000 trillion

Use of Proceeds:

• Net proceeds from the Treasury Offering used as follows: (i) net proceeds will be used to complete drilling, technical work, land acquisitions, and exploration as well as recurring listing fees, and marketing costs.

Eligibility:

• The Common Shares will be eligible for Private Corporations and Persons, Governments and Sovereign Trusts.

This company will be issued with 10,000,000,000 shares, each valued at $250. This will give the company a market value of $2,500,000,000,000, of which the DPRK will retain 5,010,000,000 shares. The breakdown of how the remaining shares will be sold is as follows:

• 2,496,000,000 shares will be exclusively sold to the PRC and Chinese investors.
  • All shares not sold within seven days of their issuing in the PRC will be sold on the general market to outside investors.
• 2,494,000,000 shares will be sold to the international market
  • South Korean and Japanese citizens will not be permitted to buy these shares.

Many investors may be worried that the DPRK will sell these minerals to itself at below market value. However, this will not be the case. The DPRK will pay the total price for all minerals it purchases from this company. Moreover, only a maximum of 50% of minerals mined from this company will be sold in the DPRK.

We expect this offer to be highly enticing to outside investors due to the meager operating costs to run companies in the DPRK. Operating costs will be minimal as labor costs will be covered by the DPRK itself outside of the company's expenses.

Payments can be made in a variety of ways such as the following:

• Cash (USD, Chinese Yuan, Euro's)
• Military equipment
• Raw materials or finished goods
• Discounts on government contracts
• Shares in other companies

Payments also do not have to be made all at once, payment plans are available to those who wish to buy large quantities of stock at one time.

Manufacturing

As of now, manufacturing is the key to the DPRK's economy, and we see no reason why this should change in the future. Therefore, the DPRK will take a page from our long-time ally and open three Special Economic Zones (SEZ's) across the nation. These will be located in the following areas:

• Hamhung
• Chŏngjin
• Namp'o

Each of these SEZs will have space for 20 factories where foreign companies can purchase space (excluding Japanese and South Korean) where citizens of the DPRK will manufacture goods for export or domestic market.

These SEZs will have preferential trade, transport, and taxation laws to entice corporations to invest. They are listed as follows:

• Labor costs will be incredibly cheap at a set rate of $2,000 a year, making them one of the most affordable labor sources in the world.
• As there are no taxes in the DPRK, the government will instead charge a 8% service fee to corporations for their participation in the SEZ program. This fee will be a corporate tax rate in everything but name.
• The DPRK will ensure that 24 hours of power and all needed materials that we can provide or procure will be available to corporations participating in the SEZ program.

Depending on the success of this program, the DPRK may be inclined to open further manufacturing.

Tourism

The DPRK announced its plans regarding tourism in a recent announcement here. To expand and facilitate this, we will be working with travel agencies worldwide to ensure that our tourist goals are met.

Infrastructure & Construction

With such significant programs underway the DPRK will require help in a variety of sectors, most notably the following:

• Railways
  • Both HSR and traditional are acceptable
• Offshore oil extraction rigs and experts
• Natural gas extraction
• Mining infrastructure, equipment, and experts

These will be given to outside contractors as the DPRK lacks the experts of experience in these fields, outside of railway construction, to do it efficiently and ensure success. Therefore, we open up bidding to outside corporations and governments to gain contracts for the following:

• Offshore oil rigs
  • At least five basins
• Land oil rigs
  • At least three basins
• Natural gas extraction
  • At least two basins
• Mining infrastructure
  • For various mines and minerals
• Rail
  • Several new rail lines to facilitate transport for oil, minerals, and goods for trade
    • Approximately 1,000-2,000km of rail tracks

The DPRK, however, wishes to ensure that as few foreign citizens as possible work on these projects. Only experts, necessary contractors, and anyone else the companies need should be brought in. Our citizens should do menial labor and all advanced work that we can conduct.

On top of this, citizens of the DPRK will once again begin to accept foreign work contracts at a set rate of $2,500 a year. These workers will mostly do traditional overseas work such as mining, forestry, manufacturing, and construction.

Conclusion:

All of this should make it clear to the world that the DPRK is open for business and will be one of the best investments, if not the greatest, of the century. Moreover, it's clear that the DPRK has a bright future ahead of itself and that all who invest will profit along the way.

Long live the DPRK! Long live the Supreme Leader!