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North Korea economy

South Korea’s President Offers ‘Audacious Initiative’ for North Korea’s Denuclearization
August 15, 2022

South Korea’s President Offers ‘Audacious Initiative’ for North Korea’s Denuclearization

By Mitch Shin
Amid the stalled nuclear and inter-Korean dialogue, President Yoon Suk-yeol again repeated his pledge of economic rewards for denuclearization.

How the North Korean Government Is Squeezing Foreign Currency Out of Its People
August 13, 2022

How the North Korean Government Is Squeezing Foreign Currency Out of Its People

By Sang Yong Lee
The North Korean government’s persistent efforts to acquire foreign currency reflects the severity of the economic crisis the country is facing.
What Comes Next in North Korea’s Battle With Omicron?
May 19, 2022

What Comes Next in North Korea’s Battle With Omicron?

By Justin Fendos
How bad might North Korea’s first COVID-19 outbreak get, and what options does the international community have in responding?

North Korea’s Crypto Operations Are Supporting Its Nuclear Program
April 20, 2022

North Korea’s Crypto Operations Are Supporting Its Nuclear Program

By Chetan Peddada
North Korea sees cryptocurrency as a lifeline amid pandemic-induced devastation to its regular economy.

3 North Koreans Provide a Glimpse of North Korea’s Worsening Economic Situation
April 12, 2022

3 North Koreans Provide a Glimpse of North Korea’s Worsening Economic Situation

By Jeong Tae Joo
Locals report increasing starvation deaths and disappearances among their neighbors, but Pyongyang is most concerned with preventing the harsh reality from souring planned celebrations.

A Long Road to Nowhere: 10 Years of the Kim Jong Un Regime
March 24, 2022

A Long Road to Nowhere: 10 Years of the Kim Jong Un Regime

By Hae Kyung Ahn
In April, Kim Jong Un will mark the 10th anniversary of his complete succession to power. He doesn't have much to celebrate.

North Korea Raids Major Illegal Currency Exchange Office in Sinuiju
March 02, 2022

North Korea Raids Major Illegal Currency Exchange Office in Sinuiju

By Mun Dong Hui
“The authorities found $80 million at the office,” a source told Daily NK.
North Korea’s ‘Strategic Patience’
January 05, 2022

North Korea’s ‘Strategic Patience’

By Mitch Shin
Recent developments suggest North Korea is adopting its own version of “strategic patience”: ignoring diplomatic outreach until the situation turns in its favor.

Class Struggle, the Biggest Challenge to North Korea’s Economic Development
December 11, 2021

Class Struggle, the Biggest Challenge to North Korea’s Economic Development

By Chan Young Bang
Both domestically and internationally, class struggle prevents North Korea from integrating into the world economy. 

North Korea’s Food Shortage Is a Lesson for US Policymakers
October 28, 2021

North Korea’s Food Shortage Is a Lesson for US Policymakers

By Zhuoran Li
If North Korea’s extreme self-inflicted COVID isolation isn’t enough to break the Kim regime, external sanctions have no chance.

North Korea’s Unusual Military Parade
September 10, 2021

North Korea’s Unusual Military Parade

By Mitch Shin
Unlike previous military parades, North Korea did not unveil new advanced weapons this time.
North Korea’s Economy Continues to Show Warning Signs
June 25, 2021

North Korea’s Economy Continues to Show Warning Signs

By Seulkee Jang
North Korean commodity prices skyrocket in some regions while currency exchange rates continue to plummet.

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