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N. Korea names Rason as 'special city'
SEOUL, Jan. 4 (Yonhap) -- North Korea designated Rason, the country's first free trade zone, as a "special city" on Monday, the North's official news media reported. North Korea designated Rason and nearby Sonbong, located on the country's northernmost coast close to both China and Russia, as an economic free trade zone in 1991, though foreign investment has never materialized.
According to the Korean Central News Agency (KCNA) monitored here, the Standing Committee of the North's Supreme People's Assembly designated Rason as a special city in a decree.
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