One country, one system: How North Korea-Hong Kong ties pivot around China



Analysis One country, one system: How North Korea-Hong Kong ties pivot around China Hong Kong-based entities continue to be key nodes in Kim Jong Un’s sanctions-busting and money laundering schemes Oliver Jia May 4, 2022 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Tsim Sha Tsui waterfront, Victoria Harbour, August 9, 2013 \| Image: Diego Delso via Wikimedia Commons (CC BY 2.0) On paper, North Korea and Hong Kong could not be more different from one another. The former is an impoverished totalitarian country, the latter a relatively affluent territory that boasts the world’s 40th-largest gross domestic product and second-freest economy. Yet both are inextricably linked to China — the DPRK’s most important trade partner and an encroaching influence on Hong Kong since the 1997 handover from the U.K. On paper, North Korea and Hong Kong could not be more different from one another. The former is an impoverished totalitarian country, the latter a relatively affluent territory that boasts the world’s 40th-largest gross domestic product and second-freest economy. Yet both are inextricably linked to China — the DPRK’s most important trade partner and an encroaching influence on Hong Kong since the 1997 handover from the U.K. Become a member for less than $4 per week. Unlimited access to all of NK News: reporting, investigations, analysis The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

Analysis

One country, one system: How North Korea-Hong Kong ties pivot around China

Hong Kong-based entities continue to be key nodes in Kim Jong Un’s sanctions-busting and money laundering schemes

Oliver Jia May 4, 2022

One country, one system: How North Korea-Hong Kong ties pivot around China

Tsim Sha Tsui waterfront, Victoria Harbour, August 9, 2013 | Image: Diego Delso via Wikimedia Commons (CC BY 2.0)

On paper, North Korea and Hong Kong could not be more different from one another. The former is an impoverished totalitarian country, the latter a relatively affluent territory that boasts the world’s 40th-largest gross domestic product and second-freest economy.

Yet both are inextricably linked to China — the DPRK’s most important trade partner and an encroaching influence on Hong Kong since the 1997 handover from the U.K.

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