Analysis The North Korean economy in May 2018: an overviewLast month saw Pyongyang reiterate its commitment to autarky and market prices remain stable This analysis provides an overview of the most significant developments in the North Korean economy in May of this year. It surveys the state of affairs within the following areas: policy (domestic and international), trade, and market prices. These are the key takeaways: Pyongyang’s media outlets continuously emphasized its commitment to its own economic model and system, after U.S. Secretary of State Mike Pompeo and President Donald Trump suggested that economic aid and investments by the U.S. and other international companies would be an incentive for Pyongyang to abolish its nukes. This should© Korea Risk Group. All rights reserved. |