Via The Diplomat, a report that – as prospects for quickly resolving its food insecurity are dim – North Korea is restricting the operation of markets and devoting much of its scarce resources to its nuclear program: North Korean leader Kim Jong Un vowed to strengthen state control over agriculture and take a spate of […]
Read more »Via NK News, commentary on how repeated currency reforms have eroded trust in the DPRK won, making foreign money essential for many transactions: North Korea has long allowed an unusual degree of private trade in foreign currency for a communist bloc country, and a new study has shone a light on just how common it […]
Read more »Via The Diplomat, a report on the latest data which shows Pyongyang is continuing to adapt to U.N. sanctions, while trade is beginning to rebound from pandemic lows: North Korea has spent much of the pandemic financing its weapons programs and imports with stolen cryptocurrency. However, with trade between North Korea and China expanding in 2022, there […]
Read more »Courtesy of East Asia Forum, a look at North Korea and the potential for improved economic growth in 2023: At the beginning of 2022, North Korea’s strategic position looked bleak. The regime clung to its zero-COVID claim, leading to an almost total closure of the border with China and bringing trade to record lows. There were strong indications that […]
Read more »Via 38North, a report on the growing famine in North Korea: North Korea is dealing with a complex humanitarian emergency that has food insecurity at its core.[1] As of August 2022, both quantity and price data point to a deteriorating situation, made worse by the regime’s choice to self-isolate in response to the COVID-19 pandemic. Food […]
Read more »Via The Diplomat, an article on how North Korea earns foreign currency through a shadow IT industry: The South Korean government recently announced a warning regarding North Korea IT personnel with the goal of preventing North Korea from earning foreign currency through cyberspace. North Korean IT personnel reportedly account for a growing portion of the country’s […]
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