Economy | NK News
July 17, 2024

Economy

Information related to the North Korea economic sector

North Korea and Syria to work toward reviving economic cooperation: Damascus

North Korea and Syria to work toward reviving economic cooperation: Damascus

Two sides agree to form committee on cooperation, Syria says, after friendly nations halted joint work due to pandemic

North Korea and Syria to work toward reviving economic cooperation: Damascus
Ifang Bremer
Ifang Bremer August 3, 2022
How Kim Jong Un created space for North Korean firms to set prices — with limits
NK PRO

How Kim Jong Un created space for North Korean firms to set prices — with limits

Documents show DPRK leader reinstated agreed price system his father rolled back but stopped short of true free market

How Kim Jong Un created space for North Korean firms to set prices — with limits
Peter Ward
Peter Ward August 2, 2022
Ask a North Korean: What are toilets like in the DPRK?

Ask a North Korean: What are toilets like in the DPRK?

Public restrooms and toilet paper are in short supply, while expense of flush toilets results in a porcelain ‘hierarchy’

Ask a North Korean: What are toilets like in the DPRK?
Alek Sigley
Alek Sigley July 29, 2022
Mad about THAAD: South Korea-China dispute over US missile interceptor returns
KOREA PRO

Mad about THAAD: South Korea-China dispute over US missile interceptor returns

Seoul again finds itself caught between Beijing and Washington as it looks for defenses against North Korean threats

Mad about THAAD: South Korea-China dispute over US missile interceptor returns
James Fretwell
James Fretwell July 28, 2022
North Korea’s economy contracts for second straight year, ROK central bank says

North Korea’s economy contracts for second straight year, ROK central bank says

Bank of Korea estimates 0.1% contraction as COVID, economic mismanagement and sanctions weigh on the economy

North Korea’s economy contracts for second straight year, ROK central bank says
Ethan Jewell
Ethan Jewell July 28, 2022
How ride-sharing services like Uber could end Seoul’s dire taxi shortage
KOREA PRO

How ride-sharing services like Uber could end Seoul’s dire taxi shortage

Drivers aren’t returning after industry exodus during pandemic, leaving people stranded even in city center at night

How ride-sharing services like Uber could end Seoul’s dire taxi shortage
Sooyoung Oh
Sooyoung Oh July 26, 2022
North Korea monetizes highway to main seaport with new toll gate: Imagery
NK PRO

North Korea monetizes highway to main seaport with new toll gate: Imagery

Expert says tolls create incentive to increase vehicle traffic as pandemic restrictions funnel trade through port

North Korea monetizes highway to main seaport with new toll gate: Imagery
Colin Zwirko
Colin Zwirko July 22, 2022
How North Korean businesses skirted state-set price controls to survive
NK PRO

How North Korean businesses skirted state-set price controls to survive

Collapse of Soviet Union led Pyongyang to create markets for enterprises to trade, but a backlash rolled back reforms

How North Korean businesses skirted state-set price controls to survive
Peter Ward
Peter Ward July 21, 2022
How North Korean police corruption became essential to the growth of markets
COLUMN

How North Korean police corruption became essential to the growth of markets

Businesspeople pay bribes to police in order to create the space necessary for them to buy, sell and trade their wares

How North Korean police corruption became essential to the growth of markets
Andrei Lankov
Andrei Lankov July 21, 2022
Russian envoy says North Korea could send workers to breakaway Ukrainian states

Russian envoy says North Korea could send workers to breakaway Ukrainian states

Suggested cooperation between DPRK and Moscow-backed Donbas republics would undermine UN sanctions, some experts say

Russian envoy says North Korea could send workers to breakaway Ukrainian states
Chad O'Carroll
Chad O'Carroll July 19, 2022
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