Europe could lose out in North Korean bonanza

North Korea's economy is in transformation.

While the main focus is on Pyongyang's nuclear programme and recent summit between US President Donald Trump and North Korean leader Kim Jong-un, a more important change for the future of the country and the world at large is taking place.

Indeed, ongoing marketisation is now irreversible as the ranks of middle class North Koreans continue to swell. And Europe risks missing out if North Korea continues to reform its economy and investm...