Analysis North Korea’s workforce and capital is growing, but the results are still direNew economic numbers from the Bank of Korea suggest that much of the country’s capital stock has gone to waste South Korea’s central bank, the Bank of Korea (BOK), released new estimates about the size of North Korea’s capital stock — and these estimates are very hard to come by. If these numbers are correct, North Korea’s economy has been reliant on an expanding labor force and ever-rising amounts of capital to produce even less impressive increases in output. Capital stock is vital for economic growth and overall economic health. Simply put, it’s the total value of all the tangible and intangible assets within a particular economy or company, and these assets © Korea Risk Group. All rights reserved. |