Kwonsham Industries (KI) is a Korean corporation headquartered in the former North Korean capital of Pyongyang. It produces a wide variety of products in the fields of agriculture, heavy industry, and electronics. It is also a member of the Pacific Prosperity Group.
KI was formed in 2006 from a number of North Korean government corporations during the corporate buyouts that followed the privatization that that occurred after Korea War II.[1] As the smaller North Korean corporations were being bought up by the more wealthy South Korean interests, several "orphan" corporations joined together for mutual survival and protection to form the Kwon Sham Group. They managed to survive the buyout frenzy, and even take over some of their smaller rivals.
The current KI President is Jae Myung Kim, an affable man in his early 50s. His goal seems to be expanding KI into a multinational corporation, hence its entry into the Pacific Prosperity Group. It is rumored that he has ties to the Choson Seoulpa Ring.
In March 2064, KI filled for bankrupcy protection after its failed bid to acquire Shiawase's Hapheastus Industries. It was eventually bailed out by the Korean government.[2] Recently, KI and three other Korean corporations were upgraded to AA status.
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- ↑ Shadows of Asia p. 184
- ↑ Shadows of Asia p. 184, 186