“The units that register with the website can save human and material resources and time related to the efforts, materials and funds required for the development and production of new technologies and products, and increase the efficiency of their spending,” the KCNA said.

The establishment of the website came as North Korean leader Kim Jong-un has been promoting an ethos of self-reliance to improve his country’s threadbare economy in the face of biting global sanctions.

Kim has sought to secure sanctions relief through nuclear negotiations with the US, but the talks have made little progress due to differences over the scope of Pyongyang‘s denuclearization steps and what should be given in return. (Yonhap)