Economy | NK News
July 18, 2024

Economy

Information related to the North Korea economic sector

Construction resumes on China-North Korea island EDZ: satellite imagery
NK PRO

Construction resumes on China-North Korea island EDZ: satellite imagery

New work may be part of joint initiative with Chinese companies, comes despite sanctions and COVID-19 restrictions

Construction resumes on China-North Korea island EDZ: satellite imagery
Colin Zwirko
Colin Zwirko June 1, 2020
Russia saw “acute” increase in North Korean poaching last year: Border Service

Russia saw “acute” increase in North Korean poaching last year: Border Service

16 vessels and 3754 poachers were detained last year, official says, a 14-fold increase compared to previous years

Russia saw “acute” increase in North Korean poaching last year: Border Service
Min Chao Choy
Min Chao Choy May 29, 2020
U.S. indicts 28 North Koreans for role in $2.5 billion money laundering plot

U.S. indicts 28 North Koreans for role in $2.5 billion money laundering plot

DPRK established network of covert bank branches around world to funnel money back home, Department of Justice says

U.S. indicts 28 North Koreans for role in $2.5 billion money laundering plot
Jacob Fromer
Jacob Fromer May 28, 2020
Scrapping of five-year economic plan signaled in latest North Korean TV blurring

Scrapping of five-year economic plan signaled in latest North Korean TV blurring

Key slogan of “five-year economic development strategy” also erased on state TV and phased out of print media

Scrapping of five-year economic plan signaled in latest North Korean TV blurring
Colin Zwirko
Colin Zwirko May 27, 2020
South Korea to provide $4.9 million in sustainable development aid to the North

South Korea to provide $4.9 million in sustainable development aid to the North

First payment of $720,000 set to be sent this year via UN commission

South Korea to provide $4.9 million in sustainable development aid to the North
Jeongmin Kim
Jeongmin Kim May 27, 2020
Is North Korea privatizing its housing supply? In Rason, partially, yes
NK PRO

Is North Korea privatizing its housing supply? In Rason, partially, yes

2018 regulations, now publicly-available, provide insight as to how similar rules could work in non-SEZ areas

Is North Korea privatizing its housing supply? In Rason, partially, yes
Peter Ward
Peter Ward May 26, 2020
“May 24” sanctions no longer a barrier to inter-Korean cooperation: MOU

“May 24” sanctions no longer a barrier to inter-Korean cooperation: MOU

South Korean official admits that unilateral sanctions have "lost their effect"

“May 24” sanctions no longer a barrier to inter-Korean cooperation: MOU
Chad O'Carroll
Chad O'Carroll May 20, 2020
Back to business at major North Korean port as quarantine rules relaxed
NK PRO

Back to business at major North Korean port as quarantine rules relaxed

Ships now regularly traversing Dalian-Nampho water route, data shows, with an average three-day wait at port

Back to business at major North Korean port as quarantine rules relaxed
Min Chao Choy
Min Chao Choy May 14, 2020
North Korea’s changing economy: the view from the markets
NK PRO

North Korea’s changing economy: the view from the markets

Amid a wider crackdown on private activity, it appears there is ongoing discussion on the role of markets in the country

North Korea’s changing economy: the view from the markets
Peter Ward
Peter Ward May 13, 2020
Yanggakdo football stadium undergoing major refurbishment, recent imagery shows

Yanggakdo football stadium undergoing major refurbishment, recent imagery shows

Stadium built in 1989 appears to be undergoing slow renovation process

Yanggakdo football stadium undergoing major refurbishment, recent imagery shows
Chad O'Carroll
Chad O'Carroll May 13, 2020