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November 20, 2024

Economy

Information related to the North Korea economic sector

North Korea updates foreign trade law in apparent attempt to control money flows
NK PRO

North Korea updates foreign trade law in apparent attempt to control money flows

Introduction of new rules for second time during pandemic suggests lockdown led to more restrictive business environment

North Korea updates foreign trade law in apparent attempt to control money flows
Martin Weiser
Martin Weiser August 31, 2022
South Korea to cut unification ministry budget for first time in five years

South Korea to cut unification ministry budget for first time in five years

Drop in funding for ministry overseeing North Korea due to broader austerity push and fewer defector arrivals

South Korea to cut unification ministry budget for first time in five years
Jeongmin Kim
Jeongmin Kim August 30, 2022
Friends without benefits: How a new US law penalizes South Korean carmakers
KOREA PRO

Friends without benefits: How a new US law penalizes South Korean carmakers

Inflation Reduction Act casts doubt over Washington’s commitment to multilateralism and economic security of its allies

Friends without benefits: How a new US law penalizes South Korean carmakers
Sooyoung Oh
Sooyoung Oh August 30, 2022
New smartphones appear in North Koreans’ hands for first time in years

New smartphones appear in North Koreans’ hands for first time in years

Models with more advanced cameras likely imported from China despite sanctions in effort to appeal to consumers

New smartphones appear in North Koreans’ hands for first time in years
Colin Zwirko
Colin Zwirko August 30, 2022
The limits to tyranny: Why Kim Jong Un doesn’t actually have absolute power
NK PRO

The limits to tyranny: Why Kim Jong Un doesn’t actually have absolute power

A range of factors constrain the North Korean leader in practice, despite his supreme authority in principle

The limits to tyranny: Why Kim Jong Un doesn’t actually have absolute power
Peter Ward
Peter Ward August 29, 2022
What a Trump comeback would mean for South Korea’s reset with the US
KOREA PRO

What a Trump comeback would mean for South Korea’s reset with the US

Reelection of former president hostile toward Seoul could throw allies’ ties into chaos, experts say

What a Trump comeback would mean for South Korea’s reset with the US
Chad O'Carroll
Chad O'Carroll August 29, 2022
COVID outbreak at Russian border looms over North Korea trade plans

COVID outbreak at Russian border looms over North Korea trade plans

Virus surge in Vladivostok may disrupt plans to open import disinfection center, amid activity at DPRK border facility

COVID outbreak at Russian border looms over North Korea trade plans
Colin Zwirko
Colin Zwirko August 26, 2022
New photos show scant activity at delayed Pyongyang General Hospital project

New photos show scant activity at delayed Pyongyang General Hospital project

Fewer people visible at worksite than in past, though exclusive images confirm exterior appears complete

New photos show scant activity at delayed Pyongyang General Hospital project
Chad O'Carroll
Chad O'Carroll August 26, 2022
Rumors swirl that North Korea preparing to allow people to enter country

Rumors swirl that North Korea preparing to allow people to enter country

Six informed sources tell NK News they’ve heard of changes to border controls, though some aid workers remain skeptical

Rumors swirl that North Korea preparing to allow people to enter country
Chad O'Carroll
Chad O'Carroll August 25, 2022
Kim Jong Un accelerates upgrades at luxury lake resort and party office HQ
NK PRO

Kim Jong Un accelerates upgrades at luxury lake resort and party office HQ

Satellite imagery suggests DPRK has found new resources to pour into leader’s projects despite economic ‘hardships’

Kim Jong Un accelerates upgrades at luxury lake resort and party office HQ
Colin Zwirko
Colin Zwirko August 24, 2022
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