North Korea economy

“North Korea doesn’t have a stable political environment for foreigners to do business in, but because wages are so low, doing business there is worth a try,” the businessman told Daily NK.

Prospects for quickly resolving its food insecurity are dim, as North Korea restricts the operation of markets and devotes much of its scarce resources to its nuclear program.

The latest data shows Pyongyang is continuing to adapt to U.N. sanctions, while trade is beginning to rebound from pandemic lows.

North Korea’s quest to strengthen its military power will require financial backing – which means reopening borders for trade and migrant workers. 

Historically, Pyongyang launches its most provocative foreign policy moves when the regime faces particularly intense problems at home. Current North Korean behavior fits this pattern.

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

The North Korean government’s persistent efforts to acquire foreign currency reflects the severity of the economic crisis the country is facing.

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

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

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

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