Ragwon Trading Corporation is a state organ specializing in foreign trade.
The corporation is staffed by personnel with sufficient practical ability and has expanded its trading activities in a multilateral and diversified way. It has more than 40 businesses, including companies, affiliates, stockbreeding farms, bases for building materials manufacture, garment-, foodstuff- and seafood-processing, and IT development, and commercial, public catering and welfare service facilities. It has ten odd joint venture companies in China, Russia and other countries.
In recent years the corporation has directed its major efforts to modernizing equipment and developing new products to keep pace with the worldwide trend, thus shortening cycles of updating equipment and products. It has reconstructed factories of finishing materials on a modern basis and based on locally-available materials, and manufactured a variety of high-tech products such as Ragwon-410 and Ragwon digital TVs.
Ragwon-410 is an activator for promoting the growth of grain crops and increasing their yield. It won a WIPO prize in April 2019.
At present the corporation is steadily improving its business activities with the creative and innovative insight and on the principles of earning creditworthiness and benefits, while focusing investment on the development and production of high-tech products as demanded by the developing times.
It is also encouraging economic collaboration with foreign investors.