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January 09, 2025

About the author

Peter Ward

Peter Ward

Peter Ward is a research fellow at the Sejong Institute. His work focuses on North Korean politics, the economy and society. He has a Ph.D. from the University of Vienna.

More articles by 'Peter Ward'

Management and enterprise strategy: a watchword in the North Korean economy today
NK PRO

Management and enterprise strategy: a watchword in the North Korean economy today

Firms are increasingly encouraged to advertise their commercial ambitions

Management and enterprise strategy: a watchword in the North Korean economy today
Peter Ward
Peter Ward January 31, 2019
The North Korean economy in the New Year’s speech: signs of a shifting focus
NK PRO

The North Korean economy in the New Year’s speech: signs of a shifting focus

Examining past addresses offers some hints at changing priorities

The North Korean economy in the New Year’s speech: signs of a shifting focus
Peter Ward
Peter Ward January 14, 2019
The New Year’s speech: what it means for the DPRK’s diplomacy and economy
NK PRO

The New Year’s speech: what it means for the DPRK’s diplomacy and economy

Kim Jong Un's address served to re-emphasize the key themes of his leadership in 2018

The New Year’s speech: what it means for the DPRK’s diplomacy and economy
Oliver Hotham
Oliver Hotham | Peter Ward January 1, 2019
Death and taxes: the North Korean state revenue system
NK PRO

Death and taxes: the North Korean state revenue system

The state has a range of tools to generate funds from enterprises and individuals

Death and taxes: the North Korean state revenue system
Peter Ward
Peter Ward December 20, 2018
The Kwangbok Area Commerce Center: a model for North Korea’s retail future?
NK PRO

The Kwangbok Area Commerce Center: a model for North Korea’s retail future?

A Pyongyang shopping mall offers hints at a long-term state strategy to undercut private markets

The Kwangbok Area Commerce Center: a model for North Korea’s retail future?
Peter Ward
Peter Ward December 13, 2018
Daily NK and NK Pro foreign exchange rate data: a tale of two markets?
NK PRO

Daily NK and NK Pro foreign exchange rate data: a tale of two markets?

Taken together, the figures offer a revealing picture of short-term changes in DPRK monetary policy

Daily NK and NK Pro foreign exchange rate data: a tale of two markets?
Peter Ward
Peter Ward November 19, 2018
North Korea’s fluctuating exchange rates: space for arbitrage opportunities?
NK PRO

North Korea’s fluctuating exchange rates: space for arbitrage opportunities?

Data suggests the DPRK forex market holds potential for profits, and risks, for individuals and state actors

North Korea’s fluctuating exchange rates: space for arbitrage opportunities?
Peter Ward
Peter Ward November 14, 2018
The North Korean economy in October 2018: An overview
NK PRO

The North Korean economy in October 2018: An overview

The DPRK continues to evince stability and continuity, in spite of continued sanctions and worse than hoped for harvests

The North Korean economy in October 2018: An overview
Peter Ward
Peter Ward November 11, 2018
A North Korea-Cuba summit: why it matters
NK PRO

A North Korea-Cuba summit: why it matters

From economic reform to U.S. sanctions, President Díaz-Canel and Kim Jong Un likely had plenty to discuss

A North Korea-Cuba summit: why it matters
Peter Ward
Peter Ward November 7, 2018
How North Korea’s Foreign Trade Bank sets official exchange rates
NK PRO

How North Korea’s Foreign Trade Bank sets official exchange rates

Data offers some insights into a notoriously opaque system

How North Korea’s Foreign Trade Bank sets official exchange rates
Peter Ward
Peter Ward November 6, 2018
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