All posts in Economic

N. Korea-China trade hits record high in first quarter

N. Korea-China trade hits record high in first quarter SEOUL, May 1 (Yonhap) — First quarter bilateral trade between North Korea and China reached an all-time high of US$1.37 billion, Voice of America reported Tuesday, citing data from China’s Ministry of Commerce.The volume for the January-March period marked a surge …

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‘NK Has World’s Second-largest Anthracite Coal Reserves’

A pro-North Korean newspaper published in Japan says North Korea is estimated to have 15 billion tons of anthracite coal reserves, the second largest amount in the world. The

N. Korea has lots of key mineral deposits: report

N. Korea has lots of key mineral deposits: report SEOUL, April 30 (Yonhap) -- North Korea has ample key mineral deposits such as anthracite coal, magnesite and uranium,

North Koreans Meet Chinese Demand For Cheap Labor

Rising labor costs in China have hit some companies hard, particularly in low-end manufacturing. Cheap labor fueled China’s initial wave of exports, just as it did

South Korea Won Lower Late On North Korea Risk; Bonds Down

SEOUL (Dow Jones)--The South Korean won was a tad lower against the U.S. dollar late Wednesday, giving up earlier gains on dollar selling from importers and increased

North Korea and China attracting investors for Rajin Port development

Institute for Far Eastern Studies (IFES)2012-4-12 China is currently actively recruiting investors to build additional wharfs in Rajin Port. China’s Dandong City Industrial and Information Association (丹东市信息协会) announced that

REPORT: North Korea May Finally Be Ready To Discuss Capitalism – Business Insider

North Korea could finally be considering capitalist methods to combat its long-running economic crisis, if reports by a major Japanese newspaper are to be believed. Kim Jong Un

Kim Jong-un may be hinting at economic reform

By Jung Nam-ku, Tokyo correspondent and Park Byung-soo, staff writer North Korean leader Kim Jong-un is hinting at a turn toward economic pragmatism, Japan’s Mainichi Daily News

Special Economic Zone laws

by Marcus Noland | April 17th, 2012 | 05:23 am Last month KCNA published the laws on the Rason and Hwanggumpyong and Wihwa Island

Swiss assistance to the DPRK

Agape international is a Swiss charity with about 60 development and aid projects on the go in 15 countries. It has been active in North Korea since 1995,