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January 11, 2025

Economy

Information related to the North Korea economic sector

North Korean online trading portal offers escrow payment system to users

North Korean online trading portal offers escrow payment system to users

Jagangryok intranet service appears to be first to offer escrow payments in DPRK

North Korean online trading portal offers escrow payment system to users
Chad O'Carroll
Chad O'Carroll May 8, 2020
North Korean media lauds new fertilizer factory, rejects “reform and opening”

North Korean media lauds new fertilizer factory, rejects “reform and opening”

State-run outlets hail Sunchon facilities as a "cutting-edge fort" in the face of foreign pressure

North Korean media lauds new fertilizer factory, rejects “reform and opening”
Jeongmin Kim
Jeongmin Kim May 5, 2020
North Korean port back in service as some quarantine measures remain in place
NK PRO

North Korean port back in service as some quarantine measures remain in place

Ships seen transiting in and out of Nampho while some remain anchored in latest satellite imagery

North Korean port back in service as some quarantine measures remain in place
Min Chao Choy
Min Chao Choy May 5, 2020
Temporary worker structure removal begins at Wonsan-Kalma beach resort
NK PRO

Temporary worker structure removal begins at Wonsan-Kalma beach resort

Removal could be a sign that construction on key North Korean project is winding down ahead of delayed opening

Temporary worker structure removal begins at Wonsan-Kalma beach resort
Colin Zwirko
Colin Zwirko May 4, 2020
Kim Jong Un’s waterslide boat under repair in Wonsan ahead of annual outings
NK PRO

Kim Jong Un’s waterslide boat under repair in Wonsan ahead of annual outings

Satellite imagery analysis reveals megaship with an Olympic-size pool was used at Kim’s Wonsan villa last summer

Kim Jong Un’s waterslide boat under repair in Wonsan ahead of annual outings
Colin Zwirko
Colin Zwirko May 1, 2020
Timeline: from a delayed parliamentary meeting to Kim Jong Un health rumors
NK PRO

Timeline: from a delayed parliamentary meeting to Kim Jong Un health rumors

NK Pro timeline charts key events from March 31 - April 30

Timeline: from a delayed parliamentary meeting to Kim Jong Un health rumors
NK Pro
NK Pro May 1, 2020
Why North Korea’s economy could see a return to rapid inflation soon
NK PRO

Why North Korea’s economy could see a return to rapid inflation soon

News of plans for a government bond issuance suggests major price instability could be on the horizon

Why North Korea’s economy could see a return to rapid inflation soon
Peter Ward
Peter Ward May 1, 2020
The impact of sanctions, coronavirus, and response measures on the DPRK economy
NK PRO

The impact of sanctions, coronavirus, and response measures on the DPRK economy

Increased state control over the economy and coinciding external developments could spell trouble for many North Koreans

The impact of sanctions, coronavirus, and response measures on the DPRK economy
Jonathan R. Corrado
Jonathan R. Corrado April 30, 2020
Paving begins on highway to connect long-dormant China-North Korea bridge: photo
NK PRO

Paving begins on highway to connect long-dormant China-North Korea bridge: photo

Imagery also shows New Yalu River Bridge’s likely customs complex growing, more homes demolished and rebuilt

Paving begins on highway to connect long-dormant China-North Korea bridge: photo
Colin Zwirko
Colin Zwirko April 29, 2020
Sino-DPRK border city of Dandong tentatively relaxes COVID-19 measures

Sino-DPRK border city of Dandong tentatively relaxes COVID-19 measures

Dandong begins re-opening of service industry amid concerns of “second wave” from neighboring Heilongjiang province

Sino-DPRK border city of Dandong tentatively relaxes COVID-19 measures
Min Chao Choy
Min Chao Choy April 29, 2020