This story by Steve LeVine originally appeared on Quartz.
(NASDAQ:GOOG) Eric Schmidt and former New Mexico Gov. Bill Richardson are in
Pyongyang this morning at the start of a three-day visit to North Korea. The pair, whose visit to North Korea was opposed to by the US State Department, is not currently expected to meet with leader Kim Jong Un, but don’t be surprised if they do.
Frankfurter Allgemeine Zeitung reported
over the weekend that Kim is working with German advisers on a plan to open up the North Korean economy this year, including the launch of a long-sought investment law to make the rules of the road clearer. It would be silly and short-sighted for Kim to pass up a chance to talk it over with Schmidt, from the world’s most famous tech company. As of now, the American pair’s schedule of meetings is not set, so there is flexibility to work in a high-level chat.
For the record, Schmidt is said to be interested in speaking about economic issues and social media. Richardson’s aim is to gain the release of American Kenneth Bae, a Washington state tour guide. Bae was detained
about Dec. 21 while leading a small tour of the country. Richardson has traveled to North Korea numerous times over the last two decades.
More from Quartz:
The 14 Rules for Predicting Future Geopolitical Events
What the World's Top Regulators Gave Banks for Christmas
Why North Korea's Pursuit of Foreign Investment Could Loosen Kim's Grip on Power
No positions in stocks mentioned.