UPDATE: Last evening, CNN reported that a U.S. businessman has been detained in North Korea. Citing diplomatic sources that spoke on condition of anonymity, a few details have emerged: the man is a Korean-American, who had a visa to enter the country. A Swedish official confirmed to CNN that Sweden's embassy in Pyongyang, which looks after U.S. interests in North Korea in the absence of diplomatic relations between the U.S. and Kim Jong Il's regime, is working on the case and has requested regular access to the man. This development may impact significantly the initiative described in the following article, written before the news was released.NEW YORK ( Minyanville) -- A delegation of 12 North Korean economic envoys flew back to Pyongyang on Sunday after spending two weeks touring companies that "represent main strands of the U.S. economy." The group visited Google ( GOOG), Home Depot ( HD), Bloomberg, Citigroup ( C), Qualcomm ( QCOM), Sempra Energy ( SRE), Union Bank, and Universal Studios, as well as a mushroom farm, a seafood wholesaler, and the Port of Los Angeles, where they leaned about trade infrastructure.
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