Hana Electronics JVC

Hana Electronics JVC is a 50/50 joint venture between Phoenix Commercial Ventures Ltd and the Trading Department of the DPRK Ministry of Culture, and the Korea Committee for the Promotion of External Economic Cooperation (CPEEC), which reports to directly to the Cabinet.

Nigel Cowie, a director of Phoenix Commercial Ventures Ltd, is Chairman of the board of Hana. Ken Frost and Thae Yong Nam, directors of Phoenix Commercial Ventures Ltd, are also directors of Hana Electronics JVC.




Hana Electronics JVC Five Years of Excellence In Electronics

Hana was established in May 2003; in 2004 it began manufacturing and selling DVD and VCD players, as well as pressing and selling CD's.

Nigel Cowie and Thae Yong Nam of Phoenix Commercial Ventures Ltd
with two other members of the Hana board of directors

Hana have established a nationwide distribution network throughout the major cities in the DPRK.  Whilst they manufactured and marketed CD's, they had an exclusive long term contract with the Mansudae Arts Centre, which belongs to the Ministry of Culture, one of the partners in the JV, for 300 works including; movies, karaoke and other music.

They now produce and sell a range DVD players, and will move into other consumer electronics products.

One of Hana's DVD Players

One of Hana's DVD Players

Hana is now ranked as one of the top three best performing joint ventures in DPRK, as assessed by the Ministry of Finance.

Hana is proud to have introduced a number of firsts, which show the evolution of the DPRK to a market economy. These include:

• Advertising - the Hana logo, together with the company's telephone number, appear on every product and packing case 
  
  
• Offering a guarantee - Hana has also introduced a six-month, no questions asked, guarantee on all products
  
  
• Distribution System - Hana have gradually established, from a zero base, a distribution system covering the whole country. They have set up sales offices - for example, in Chongjin, they now have one main office and 13 sub-branches; in Hamhung, they have one main office and 3 sub-offices, and also have offices in Nampo, Sariwon and Sinuiju. They plan to open more outlets, first in the other provincial cities, then in the smaller county seats
  
  
• Hana intends to diversify and expand their range of products. Hana is finalising the construction of a new building next to the T'ongil Market, which they will move into in the final quarter of 2008.
  
  
  Ground Breaking Ceremony Hana Electronics JVC Pyongyang May 2004
  attended by Nigel Cowie and Thae Yong Nam of Phoenix Commercial Ventures Ltd
  

  Examples of the CD's that Hana produced can be seen via these two links:
  
  - Samples of CD's, mainly cartoons and karaoke
  
  - Choson Kayo ("This is Korea")
  
  Every disc had the company logo (top left), company name (bottom) and a security sticker that had to be broken to open the box (top right) bearing the Hana logo.
  
  
  
  
  Please feel free to contact us, via our contact form.
  
  

  
  
  
  

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