October 31, 2020

Foreign Trade Ministry merged, renamed Ministry of External Economic Affairs

Little information given in state media, but experts suggest continued fallout from Jang purge

North Korea has renamed the Ministry of Foreign Trade, reorganizing and merging it into the Ministry of External Economic Affairs, state media said Wednesday.

The state-run Korean Central News Agency announced that the Joint Venture and Investment Commission of the DPRK (JVIC) and the State Economic Development Commission (SEDC) would be merged with the ministry following the move.