Economy | NK News
NK News Logo
March 09, 2025Mar 09, 2025

Economy

Information related to the North Korea economic sector

Strengthening state control, North Korea partially scraps foreign trade reforms
NK PRO

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

Strengthening state control, North Korea partially scraps foreign trade reforms
Peter Ward
Peter Ward October 29, 2019
South Korea proposes face-to-face meetings with North over Mount Kumgang issue

South Korea proposes face-to-face meetings with North over Mount Kumgang issue

"Unilateral action" by the DPRK against ROK-owned property may harm relations, MOU says

South Korea proposes face-to-face meetings with North over Mount Kumgang issue
Dagyum Ji
Dagyum Ji October 28, 2019
How North Korea’s devastating famine subverted the rigid “songbun” system

How North Korea’s devastating famine subverted the rigid “songbun” system

Many were able to use their foreign connections to start illegal, but profitable, cross-border businesses

How North Korea’s devastating famine subverted the rigid “songbun” system
Andrei Lankov
Andrei Lankov October 27, 2019
Air Koryo goes to Wuhan, Jinan service back on semi-regular basis
NK PRO

Air Koryo goes to Wuhan, Jinan service back on semi-regular basis

Flight schedule shows an increasingly busy timetable for Air Koryo

Air Koryo goes to Wuhan, Jinan service back on semi-regular basis
Chad O'Carroll
Chad O'Carroll October 26, 2019
Top N. Korean official, Azerbaijan’s president discuss “expanding” economic ties

Top N. Korean official, Azerbaijan’s president discuss “expanding” economic ties

Baku set to open 18th Non-Aligned Movement summit with leaders of North Korean allies in attendance

Top N. Korean official, Azerbaijan’s president discuss “expanding” economic ties
Colin Zwirko
Colin Zwirko October 25, 2019
North Korea planning new international tourism zone at Mt. Kumgang, South says

North Korea planning new international tourism zone at Mt. Kumgang, South says

Pyongyang has asked that South Korean-owned assets be removed from the resort "on an agreed date": MOU

North Korea planning new international tourism zone at Mt. Kumgang, South says
North Korea wants talks with South over Mount Kumgang facilities removal: MOU

North Korea wants talks with South over Mount Kumgang facilities removal: MOU

Pyongyang reportedly not seeking in-person meetings, however

North Korea wants talks with South over Mount Kumgang facilities removal: MOU
Colin Zwirko
Colin Zwirko October 25, 2019
Kim Jong Un visits nearly-completed Yangdok County Hot Spring Resort: KCNA

Kim Jong Un visits nearly-completed Yangdok County Hot Spring Resort: KCNA

DPRK leader says new tourist site stands in "striking contrast" to Mt. Kumgang facilities

Kim Jong Un visits nearly-completed Yangdok County Hot Spring Resort: KCNA
Jacob Fromer
Jacob Fromer | Oliver Hotham October 24, 2019
North Korea may become “more isolated” without a deal with U.S., UN envoy warns

North Korea may become “more isolated” without a deal with U.S., UN envoy warns

In his first DC visit, Tomás Ojea Quintana talks sanctions, peace, and the role of human rights in a long-term deal

North Korea may become “more isolated” without a deal with U.S., UN envoy warns
Jacob Fromer
Jacob Fromer October 24, 2019
The seventh congress: a Workers’ Party meeting delayed for over three decades

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

The seventh congress: a Workers’ Party meeting delayed for over three decades
Peter Ward
Peter Ward October 23, 2019