FIRST AIRED: June 8, 2018

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Transcript

00:00:02
>> It's one of the big questions, looming over the Singapore summit. If Donald Trump strikes a deal with Kim Jong-un, what would an open North Korea even look like? The US President, promised Pyongyang would become very rich through American investment, if it ditches its nuclear weapons.>> But I think you're gonna have a very positive result in the end.
00:00:21
>> But as Reuters' Cynthia Kim reports, it may not be America that powers the new North Korea. Experts say, it would probably be China.>> What I'm hearing from expats is that we're unlikely to see American companies, like dozens of McDonald's or Starbucks. Even if North Korea opens up an asset foreign investment.
00:00:41
This is because the China model would look more attractive to Kim, rather than adopting American-style capitalism. Because privatizing everything, adopting free-market economy, would mean weakening of power.>> Kim Jong-un has already made two visits to China since March. And a separate group of North Koreans toured China's industrial hubs in May.
00:01:00
Some experts say, Kim is talking to Trump because he needs the US to back off on sanctions. But after that, the headlines will all be about Kim and China's President, Xi Jinping. And it may not happen fast. Like China in the 1980s, at first foreign money might be isolated in special economic zones.
00:01:19
North Korea already has several built up.>> Many suspect there will be more of special economic zones like the Industrial Complex. Having these special areas will mean minimal changes for the rest of the economy. It will also mean losing of the rules for investment will apply to those specific areas only.
00:01:38
So North Korea already has more than 20 of those, but we're likely to see more.>> But before all of this can happen, a long conversation is waiting for Donald Trump and Kim Jong-un in Singapore.