On Tuesday, US President Donald Trump and North Korean leader Kim Jong-un made history as the first leaders of their respective countries to meet and shake hands. The summit, which took place in Singapore, marks a first step towards peace and de-escalating geopolitical tensions in the region, which had reached fever pitch over the past few months.
However, it remains unclear whether denuclearisation will be achieved and whether the US will lift sanctions on North Korea.
Jade Changsuk Ok, head of alternative investments at Seoul-based Truston Asset Management, told Infrastructure Investor that, given the conservative nature of Korean institutional capital, he does not expect investors’ appetite to shift because of political developments.
“Many observers are saying that improved relations between the US and North Korea could lead to new development opportunities and these expectations have pushed up stock prices for many infrastructure-related companies such as construction firms. But that’s the only impact at the moment since there is still too much uncertainty in the longer term,” he said.
Be that as it may, we’ve put together a few data points for the ‘early birds’ out there who may be casting a glance at North Korea’s infrastructure sector.