All posts in Economic

Credit ratings agencies downplay NK risk on S.Korea

Global ratings agencies are not taking the North Korea risk facing South Korea in the wake of the Stalinist country`s power transfer, the South Korean Strategy and Finance Ministry said Sunday. More than 10 government officials in Seoul spoke to representatives of S&P and Fitch in Singapore Jan. 30 to …

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Koryolink hits a million subscribers

Koryolink, North Korea’s only commercial 3G cell phone network, has signed up its millionth subscriber. The landmark was reached just over three years since service was launched. Koryolink

Introduction to North Korea’s Rason Economic Trade Zone, by Alan Ferie

Will Rason, the DPRK’s bold experiment to attract foreign investment and introduce a sliver of market oriented reforms, go boom or bust? North Korea has toyed with

North Korean Leader Kim Backs Natural-Gas Pipeline, Russia Says – BusinessWeek

February 03, 2012, 4:36 AM EST By Henry Meyer Feb. 3 (Bloomberg) -- North Korea’s new leader, Kim Jong Un, supports an agreement to build a natural-gas

Orascom Telecom Media Shares Jump After North Korea Announcement – BusinessWeek

February 02, 2012, 10:01 AM EST By Alaa Shahine Feb. 2 (Bloomberg) -- Orascom Telecom Media & Technology Holding SAE advanced for an eighth day after the

N. Korea calls for high quality commercials to boost exports

N. Korea calls for high quality commercials to boost exports SEOUL, Feb. 3 (Yonhap) -- North Korea appears willing to again embrace a key element of capitalism in

N Korea could grow up to 12% under open economy: report

The North Korean economy could grow 10 to 12 per cent a year if the communist regime opens up to outside world, a report said Thursday. While Pyongyang is

Business is booming at Kaesong complex

By Kim Kyu-won, Staff Writer    The number of North Korean workers employed at Kaesong Industrial Complex has passed the 50,000 mark for the first time. Output is also

N. Korea’s nominal head of state meets with head of Egyptian mobile service provider

N. Korea's nominal head of state meets with head of Egyptian mobile service provider SEOUL, Feb. 2 (Yonhap) -- North Korea's nominal head of state met with the

Number of N. Korean workers in Kaesong park tops 50,000

Number of N. Korean workers in Kaesong park tops 50,000 SEOUL, Feb. 1 (Yonhap) -- South Korean companies hired nearly 450 new North Korean workers for their factories