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North Korea is giving its showcase capital city a face-lift — resurrecting construction of a behemoth of a hotel that sat idle for years, remodeling some of Pyong yang’s most famous sites and building new apartment complexes. Pyongyang’s makeover coincides with the 60th anniversary of the communist nation founded in September 1948.

Most of the money for the projects appears to be coming from foreign companies, analysts say. And the North likely is exporting minerals to bankroll the project, according to an official from South Korea’s Unification Ministry who spoke on condition of anonymity, citing department policy.

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