Business | NK News
July 16, 2024

Business

Information related to the North Korea business sector

Red wine and champagne, anyone? North Korea touts its domestically-made booze

Red wine and champagne, anyone? North Korea touts its domestically-made booze

Growing North Korean interest in domestically made wines could be linked to sanctions hurdles to foreign imports

Red wine and champagne, anyone? North Korea touts its domestically-made booze
Chad O'Carroll
Chad O'Carroll September 4, 2020
South Korean minister vows to resume Mount Kumgang tourism ‘as soon as possible’

South Korean minister vows to resume Mount Kumgang tourism ‘as soon as possible’

Unification minister Lee In-young wants to revamp tourism projects, but it won’t be easy amid tensions with Pyongyang

South Korean minister vows to resume Mount Kumgang tourism ‘as soon as possible’
Jeongmin Kim
Jeongmin Kim August 28, 2020
ROK suspends plans to ease restrictions on civilian contacts between two Koreas

ROK suspends plans to ease restrictions on civilian contacts between two Koreas

MOU submits final draft for the revision of 30-year-old law on inter-Korean exchanges

ROK suspends plans to ease restrictions on civilian contacts between two Koreas
Jeongmin Kim
Jeongmin Kim August 27, 2020
Why Seoul’s dream to barter for North Korean booze may soon fall apart

Why Seoul’s dream to barter for North Korean booze may soon fall apart

If supply chains involve previously sanctioned entities, then even barter trade would be blocked by U.N. sanctions

Why Seoul’s dream to barter for North Korean booze may soon fall apart
Jeongmin Kim
Jeongmin Kim | Min Chao Choy August 24, 2020
China opens new customs office along border with North Korea

China opens new customs office along border with North Korea

The Changbaishan Customs Office will handle the only Sino-DPRK land passage at Shuangmu Peak land port

China opens new customs office along border with North Korea
Min Chao Choy
Min Chao Choy August 21, 2020
US lifts sanctions against Macao bank accused of North Korea money laundering

US lifts sanctions against Macao bank accused of North Korea money laundering

U.S. abandons sanctions against Banco Delta Asia after 13 years of enacting them and over a decade of appeals

US lifts sanctions against Macao bank accused of North Korea money laundering
Min Chao Choy
Min Chao Choy August 13, 2020
Twitter abruptly restricts North Korean state media’s @coldnoodlefan account

Twitter abruptly restricts North Korean state media’s @coldnoodlefan account

@Coldnoodlefan drew global attention this year for promoting a new English-language DPRK media initiative

Twitter abruptly restricts North Korean state media’s @coldnoodlefan account
Colin Zwirko
Colin Zwirko August 12, 2020
North Korean ships spotted returning to old coal smuggling routes near Vietnam
NK PRO

North Korean ships spotted returning to old coal smuggling routes near Vietnam

The most suspicious ship, the Mi Yang 5, was placed on a banned vessels list by the U.S. Coast Guard in 2018

North Korean ships spotted returning to old coal smuggling routes near Vietnam
Min Chao Choy
Min Chao Choy August 4, 2020
North Korea in July 2020: a month in review and what’s ahead
NK PRO

North Korea in July 2020: a month in review and what’s ahead

An analysis of the main developments between July 1 and July 31

North Korea in July 2020: a month in review and what’s ahead
NK Pro
NK Pro August 3, 2020
Singaporean resident fined for shipping luxury goods to North Korea

Singaporean resident fined for shipping luxury goods to North Korea

The fines follow a flurry of Singaporean court decisions related to illegal luxury goods exports to the DPRK

Singaporean resident fined for shipping luxury goods to North Korea
Chad O'Carroll
Chad O'Carroll July 29, 2020
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