Economy | NK News
July 18, 2024

Economy

Information related to the North Korea economic sector

North Korea-China trade slumps in first half as Pyongyang focuses on Russia

North Korea-China trade slumps in first half as Pyongyang focuses on Russia

Exchange declines to $970M in first six months, though expert says too soon to tell if China is expressing displeasure

North Korea-China trade slumps in first half as Pyongyang focuses on Russia
Anton Sokolin
Anton Sokolin July 18, 2024
North Korea says giant deserted ‘tourist city’ to finally open in May 2025

North Korea says giant deserted ‘tourist city’ to finally open in May 2025

Kim Jong Un visits Wonsan-Kalma beach resort for first time in 5 years to promote international tourism revival

North Korea says giant deserted ‘tourist city’ to finally open in May 2025
Colin Zwirko
Colin Zwirko July 18, 2024
Kim Jong Un reasserts personal oversight of rural economy at new fishery project

Kim Jong Un reasserts personal oversight of rural economy at new fishery project

North Korean leader says nuclear submarine town to become ‘richest’ in country in few years amid local development push

Kim Jong Un reasserts personal oversight of rural economy at new fishery project
Colin Zwirko
Colin Zwirko July 16, 2024
Kim Jong Un says tourism ‘revitalization’ aimed at ‘friendly’ foreigners

Kim Jong Un says tourism ‘revitalization’ aimed at ‘friendly’ foreigners

Remarks suggest Western visitors to be shut out, as he purges officials and orders new airport and ski resort near China

Kim Jong Un says tourism ‘revitalization’ aimed at ‘friendly’ foreigners
Colin Zwirko
Colin Zwirko July 15, 2024
State media review: North Korea mourns one Kim leader, while glorifying another
NK PRO

State media review: North Korea mourns one Kim leader, while glorifying another

An in-depth analysis of Kim Il Sung death memorials, a letter to Iran’s president, a worker’s confession and more

State media review: North Korea mourns one Kim leader, while glorifying another
Seung-Yeon Chung
Seung-Yeon Chung July 11, 2024
What to make of reports that China plans to send back all North Korean workers

What to make of reports that China plans to send back all North Korean workers

Repatriation of thousands of laborers could be retaliation over DPRK-Russia ties and would cut off huge revenue source

What to make of reports that China plans to send back all North Korean workers
Gabriela Bernal
Gabriela Bernal July 11, 2024
Why North Korea is shunning Chinese tourists who used to be cash cow for regime

Why North Korea is shunning Chinese tourists who used to be cash cow for regime

DPRK has only allowed Russian tours to date, a trend experts say bodes poorly for tourism industry and broader reopening

Why North Korea is shunning Chinese tourists who used to be cash cow for regime
Joe Smith
Joe Smith July 10, 2024
Why Russia’s designs on North Korean rare-earth metals probably won’t pan out
NK PRO

Why Russia’s designs on North Korean rare-earth metals probably won’t pan out

Reports suggest DPRK has vast reserves of critical tech component, but closer analysis unearths reasons to be skeptical

Why Russia’s designs on North Korean rare-earth metals probably won’t pan out
Sulgiye Park
Sulgiye Park July 8, 2024
North Korean soap maker looks to enter Russian market, trademark records show

North Korean soap maker looks to enter Russian market, trademark records show

Experts skeptical DPRK goods can compete as Ryongaksan Soap Factory seeks to win over Russian consumers

North Korean soap maker looks to enter Russian market, trademark records show
Anton Sokolin
Anton Sokolin July 4, 2024
Brewing deception: North Korea’s dark and dubious peddling of tiger bone wine

Brewing deception: North Korea’s dark and dubious peddling of tiger bone wine

DPRK folk remedy is widely available in China despite wildlife trafficking concerns, but it may all just be a scam

Brewing deception: North Korea’s dark and dubious peddling of tiger bone wine
Ifang Bremer
Ifang Bremer July 4, 2024
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