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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.

Analysis

What we can learn from North Korea’s opaque 2019 official economic figures

Aside from a few cherry-picked figures, the lack of numbers suggest the DPRK economy is still struggling to grow

Peter WardPeter WardApril 15, 2020
Analysis

Change and consistency in North Korean markets: domestic vs global food prices

Food prices appear to be declining when compared to global benchmarks, which is good news for the average North Korean

Peter WardPeter WardApril 9, 2020
Analysis

North Korea’s economy and the coronavirus: current fallout and future unknowns

The DPRK has experienced a supply shock in its food and fuel markets, with greater impact likely further down the line

Peter WardPeter WardMarch 18, 2020
Analysis

North Korean official claims about child nutrition: what the data shows

Data suggests remarkable improvement since the late 1990s, despite stagnant levels of food supply per capita

Peter WardPeter WardFebruary 13, 2020
Analysis

Kim Jong Un’s claims of a “bumper harvest” in North Korea: what the data shows

Market data indicates food prices remain low and stable, could support DPRK leadership's claims

Peter WardPeter WardJanuary 17, 2020
Analysis

“Belt-tightening” ahead? The North Korean economy at the party plenum

Concrete details were thin on the ground, though the state's new "Prospective Goals" are worth watching

Peter WardPeter WardJanuary 6, 2020
Analysis

North Korea’s exchange rate regime: understanding a silent revolution

Since 2013, 'three-and-a-half' rates, including a previously illegal market exchange rate, have entered into use

Peter WardPeter WardDecember 27, 2019
Analysis

North Korea’s Central Bank: lender, regulator, and inflation fighter

Relatively unimportant before marketization, the Central Bank's rise reflects the increasing power of money in the DPRK

Peter WardPeter WardNovember 14, 2019
Analysis

Strengthening state control, North Korea partially scraps foreign trade reforms

Recent revisions to Foreign Trade Act point to a rollback of key planks in the Kim Jong Un-era reform agenda

Peter WardPeter WardOctober 29, 2019
Evergreen

The seventh congress: a Workers’ Party meeting delayed for over three decades

The event, originally planned for 1986, was pushed back, then shelved, and then finally revived and held in 2016

Peter WardPeter WardOctober 23, 2019
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