ABB has officially opened an office in Pyongyang, the capital of the Democratic People’s Republic of Korea (DPRK), solidifying an agreement signed last November to help improve the performance of the country’s electricity transmission network and basic industries. ABB announced the opening at a special ceremony attended by senior company officials and local government representatives. ABB announced in December 2000 that it intended to pursue business opportunities in DPRK. ABB officials at the opening ceremony said subsequent meetings were held to outline investment opportunities and technical cooperation in the area of modernizing DPRK’s national electric grid, and upgrading electrical equipment and control systems in its power and industrial plants.
