SEOUL (Bloomberg): North Korea appears to be allowing entry for foreigners for the first time since it shut its borders at the start of the Covid-19 pandemic in early 2020, opening up a source of revenue that once provided the country with hard currency.
North Korea announced foreigners would be allowed to enter the country starting Monday , according to a report by China’s state broadcaster CCTV. Visitors will need to quarantine for two days, the report said. There was no immediate report in North Korea’s state media about the move.
Tourists from places like China have previously been an important source of foreign currency for cash-strapped North Korea. Those visitors helped the country make transactions abroad while it remains cut off from international banking.
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