Economy | NK News
NK News Logo
December 22, 2024

Economy

Information related to the North Korea economic sector

20×10=success? Why Kim Jong Un’s regional development plan may be too ambitious
NK PRO

20×10=success? Why Kim Jong Un’s regional development plan may be too ambitious

North Korea seeks to build 200 factories over the next decade, but finding the resources will be easier said than done

20×10=success? Why Kim Jong Un’s regional development plan may be too ambitious
Peter Ward
Peter Ward January 31, 2024
North Korea imported over 100,000 barrels of petroleum from Russia last year

North Korea imported over 100,000 barrels of petroleum from Russia last year

UN data shows huge uptick in Russia’s exports of refined petroleum, though volume still lags behind pre-pandemic levels

North Korea imported over 100,000 barrels of petroleum from Russia last year
Anton Sokolin
Anton Sokolin January 31, 2024
Deciphering reports of North Korean workers’ strike in Chinese textile factories

Deciphering reports of North Korean workers’ strike in Chinese textile factories

Experts weigh in on whether large-scale action took place and how years of unpaid wages could have sparked a backlash

Deciphering reports of North Korean workers’ strike in Chinese textile factories
Ifang Bremer
Ifang Bremer | Lina Park January 29, 2024
North Korean insurance companies release data pointing to growth in economy
NK PRO

North Korean insurance companies release data pointing to growth in economy

Three of DPRK’s four smaller insurers showed significant growth, highlighting changes to regime’s taxation approach

North Korean insurance companies release data pointing to growth in economy
Martin Weiser
Martin Weiser January 29, 2024
North Korean hackers stole $1 billion in cryptocurrency in 2023: Report
NK PRO

North Korean hackers stole $1 billion in cryptocurrency in 2023: Report

DPRK cybercriminals behind over half of all crypto stolen last year as annual haul marks country’s second-highest ever

North Korean hackers stole $1 billion in cryptocurrency in 2023: Report
Shreyas Reddy
Shreyas Reddy January 25, 2024
Kim Jong Un lays out 10-year plan to fix ‘backward’ economy at Politburo meeting

Kim Jong Un lays out 10-year plan to fix ‘backward’ economy at Politburo meeting

Two-day Politburo meeting follows Kim's announcement of new 'local development 20×10 policy' earlier this month

Kim Jong Un lays out 10-year plan to fix ‘backward’ economy at Politburo meeting
Colin Zwirko
Colin Zwirko January 25, 2024
North Koreans warned to brace for frigid weather as cold snap grips peninsula

North Koreans warned to brace for frigid weather as cold snap grips peninsula

Experts say millions residing outside Pyongyang at particular risk of exposure as temperatures plummet well below zero

North Koreans warned to brace for frigid weather as cold snap grips peninsula
Joon Ha Park
Joon Ha Park January 24, 2024
Number of North Koreans entering Russia surges to 365 in Q3 2023: Data

Number of North Koreans entering Russia surges to 365 in Q3 2023: Data

Experts say increase is likely due to deepening ties as number of Russians visiting DPRK also jumped in same period

Number of North Koreans entering Russia surges to 365 in Q3 2023: Data
Anton Sokolin
Anton Sokolin January 23, 2024
Fertilizer chemical tops North Korea’s imports from China in December
NK PRO

Fertilizer chemical tops North Korea’s imports from China in December

Expert says DPRK has long lacked fertilizer for farming and likely purchased chemical with recent ‘additional revenues’

Fertilizer chemical tops North Korea’s imports from China in December
Anton Sokolin
Anton Sokolin January 22, 2024
North Korean trade with China doubles in 2023 to highest since pandemic began

North Korean trade with China doubles in 2023 to highest since pandemic began

Official figures show trade has nearly recovered to 2019 levels as DPRK projects confidence in economic direction

North Korean trade with China doubles in 2023 to highest since pandemic began
Anton Sokolin
Anton Sokolin January 18, 2024
1 16 17 18 19 20 21 22 258