Via Asia Times, a report on how – if Chinese border traders reflect market reality – the won is up 33% against the yuan and 18% to the buck in three short weeks: Something weird recently happened to what had been one of the world’s least coveted currencies. If you were North Korean and wanted […]
Read more »Courtesy of The Wall Street Journal, an article on Kim Jong Un’s be on a riverfront property to boost North Korea’s economy: In North Korea’s capital, the prime riverfront property went untouched for decades. It was once a site for an American missionary school. Then it briefly became a residence for the country’s founder, Kim Il […]
Read more »Via The Diplomat, an interesting interview on the subject of North Korea’s oil procurement network: Briefly explain North Korea’s fuel-procurement strategy. North Korea is completely dependent on foreign sources of fuel for its economy, military, and weapons program. The U.N. Security Council first imposed caps on North Korea’s fuel imports in 2017, but it has […]
Read more »Via NK News, a report on a South Korean minister’s dreams of merging its economy with the North: North and South Korea should unify their economies while maintaining separate political systems, South Korean unification minister Lee In-young said on Thursday. “Our approach now should aim more at the ‘one people, two countries, two systems, and one […]
Read more »Via The East Asia Forum, a report on North Korea’s economy: In North Korea, many enjoy making money for themselves by selling products in private markets. Under Kim Jong-un, expanding these markets became a source of tax revenue for the regime. But this changed in the past year with the outbreak of COVID-19. The closure […]
Read more »Via NK News, an article on a pipeline for crude oil between China and the DPRK: North Korea fired its way back into international headlines in March when it launched two short-range ballistic missiles towards the East Sea, sparking outcry from officials in Seoul, Washington, Tokyo and beyond. Back in 2017, the United Nations had had enough […]
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