Economy | NK News
NK News Logo
January 27, 2025

Economy

Information related to the North Korea economic sector

North Korea delays opening of giant Wonsan Kalma resort again to June 2025

North Korea delays opening of giant Wonsan Kalma resort again to June 2025

Kim Jong Un inspects site and touts ‘political stability’ as foreign tourist draw amid South Korea’s impeachment crisis

North Korea delays opening of giant Wonsan Kalma resort again to June 2025
Colin Zwirko
Colin Zwirko December 31, 2024
Kim Jong Un opens scallop farm to bring ‘riches’ to nuclear submarine town

Kim Jong Un opens scallop farm to bring ‘riches’ to nuclear submarine town

North Korean leader also calls for transition from ocean fishing to aquaculture amid push to develop rural areas

Kim Jong Un opens scallop farm to bring ‘riches’ to nuclear submarine town
Colin Zwirko
Colin Zwirko December 30, 2024
North Korean defectors report highest-ever life satisfaction in 2024: Survey

North Korean defectors report highest-ever life satisfaction in 2024: Survey

But ROK government also finds rising unemployment among female escapees, underscoring persistent economic challenges

North Korean defectors report highest-ever life satisfaction in 2024: Survey
Ifang Bremer
Ifang Bremer December 27, 2024
Seoul sanctions North Korean IT workers for raising illicit funds for nukes

Seoul sanctions North Korean IT workers for raising illicit funds for nukes

New designations target 15 individuals and DPRK firm for earning foreign currency through remote work

Seoul sanctions North Korean IT workers for raising illicit funds for nukes
Shreyas Reddy
Shreyas Reddy December 26, 2024
Kim Jong Un makes frank speech about nation’s poverty at small factory opening

Kim Jong Un makes frank speech about nation’s poverty at small factory opening

North Korean leader vows to fix ‘backward’ economy and declares flood recovery project complete in two speeches

Kim Jong Un makes frank speech about nation’s poverty at small factory opening
Colin Zwirko
Colin Zwirko December 23, 2024
Surge in textile imports drives up North Korea-China trade in November
NK PRO

Surge in textile imports drives up North Korea-China trade in November

Official data also reveals China sent wide variety of sanctioned goods, while DRPK brought in more food ahead of winter

Surge in textile imports drives up North Korea-China trade in November
Anton Sokolin
Anton Sokolin December 20, 2024
North Korea steals $1.34B in cryptocurrency in 2024 in biggest year ever: Report

North Korea steals $1.34B in cryptocurrency in 2024 in biggest year ever: Report

Haul represents 60% of all virtual assents stolen worldwide as DPRK hackers expand efforts to finance weapons programs

North Korea steals $1.34B in cryptocurrency in 2024 in biggest year ever: Report
Shreyas Reddy
Shreyas Reddy December 20, 2024
US sanctions UAE-based Chinese nationals over North Korean crypto laundering

US sanctions UAE-based Chinese nationals over North Korean crypto laundering

Two men and their front company designated for converting stolen cryptocurrency to cash to fund DPRK weapons programs

US sanctions UAE-based Chinese nationals over North Korean crypto laundering
Shreyas Reddy
Shreyas Reddy December 18, 2024
All the companies that participated in the Pyongyang Autumn Trade Fair 2024
NK PRO

All the companies that participated in the Pyongyang Autumn Trade Fair 2024

NK Pro confirms at least 117 firms took part, most from North Korea, marking significant decline from before pandemic

All the companies that participated in the Pyongyang Autumn Trade Fair 2024
Colin Zwirko
Colin Zwirko December 18, 2024
US indicts 14 North Korean IT workers for raising funds for weapons programs

US indicts 14 North Korean IT workers for raising funds for weapons programs

FBI offers $5M reward for further information, alleging they worked for DPRK-controlled firms using fake identities

US indicts 14 North Korean IT workers for raising funds for weapons programs
Shreyas Reddy
Shreyas Reddy December 13, 2024