March 04, 2021

About the author

Peter Ward

Peter Ward is a writer and researcher focusing on the North Korean economy, as well as a PhD candidate at the University of Vienna.

More articles by 'Peter Ward'


North Korea’s economy is in a state of catastrophe, but the issue is decades-old

New data shows that the DPRK’s economic stagnation started much earlier than researchers previously thought

Peter Ward February 26, 2021

Open for business? North Korea can learn a lot from Cuba’s economic reforms

North Korea has a similar history to Cuba, but has lagged behind since the collapse of European communism in the 1990s

Peter Ward February 17, 2021

North Korea is fighting to take back control of its economy from the markets

Kim Jong Un steered his country away from economic reform at the recent Eighth Party Congress and Second Plenary Meeting

Peter Ward February 16, 2021

So far, North Korea’s new economic plan is full of bad signs

State media shared vague details about Party Congress economic reforms that suggest more state control on DPRK markets

Peter Ward January 11, 2021

After suffering major blows, North Korea will reluctantly lean on China in 2021

The COVID-19 pandemic appears to have accelerated North Korea’s crackdown on market activities

Peter Ward December 28, 2020

North Korea’s workforce and capital is growing, but the results are still dire

New economic numbers from the Bank of Korea suggest that much of the country’s capital stock has gone to waste

Peter Ward December 9, 2020

North Korea is on a crusade against drugs, crime and ‘capitalist culture’

Recent events suggest that North Korea is trying to crack down on markets, foreign influence and "anti-socialist" acts

Peter Ward December 2, 2020

Kim Jong Un is more worried about a military coup than a people’s revolt

Over the past eight years, the North Korean leader has made several changes to protect himself from a hypothetical coup

Peter Ward November 6, 2020

North Korea’s radically changed currency policy could destabilize the economy

By all indications, the DPRK government is trying to limit the amount of North Korean Won in circulation

Peter Ward November 2, 2020

What the World Food Programme doesn’t know about North Korean agriculture

It's impossible to track North Korea's food production system perfectly, but the WFP is missing several key points

Peter Ward October 19, 2020
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