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A Volvo 144 imported from Sweden to North Korea, 2010. In the 1970s, Sweden began to see North Korea as a lucrative market. [2] Swedish companies like Volvo, ASEA, Kockums, Atlas Copco, and Alfa Laval wanted to export their products to the country and held an industrial exhibition in Pyongyang. [3]
Prostitution in North Korea is illegal, but has been reported by one source to take place, including through Kippumjo – women and girls recruited by the head of state of North Korea for the purpose of proving sexual gratification for high-ranking Workers' Party of Korea (WPK) officials and their families, as well as occasionally distinguished ...
The automotive industry in North Korea is a branch of the national economy, with much lower production than the automotive industry in South Korea. In North Korea , motor vehicle production is focused on military and industrial goals, including construction; few private citizens own cars.
The new 50-gigawatt-hour (GWh) plant will create up to 3,000 jobs and make battery cells specifically developed for use in pure electric Volvo and Polestar cars, the Sweden-based companies said.
Since 1995, Sweden has acted as the protecting power for the United States in North Korea. [7] Until 2001, Sweden was the only western country with an unbroken diplomatic presence in North Korea. [8] The Swedish embassy in Pyongyang is today co-located with the French, British embassy and the German embassy. [9]
Swedish truck maker AB Volvo <VOLVb.ST> reported a smaller than expected fall in fourth-quarter earnings in the face of slowing demand and announced plans on Thursday for a payout to shareholders ...
Volvo and Northvolt are building a gigafactory in this city that will produce enough batteries for about 500,000 vehicles a year. Volvo and Northvolt are building a gigafactory in this city that ...
First Volvo Car plant outside Sweden [3] Assembly [2] Canada Third non-domestic automobile plant in North America Debut model: Volvo Canadian [4] Canadian assembly shifted to Halifax Plant (1967) [2] Ghent Plant Volvo Car Gent (VCG) YV1: 2: Ghent, Belgium: 1965–present: Second Volvo Car plant outside Sweden: Assembly (1965–1972 ...