April 24, 2024

About the author

Peter Ward

Peter Ward is a research fellow at the Sejong Institute. His work focuses on North Korean politics, the economy and society. He has a Ph.D. from the University of Vienna.

More articles by 'Peter Ward'

The Kwangbok Area Commerce Center: a model for North Korea’s retail future?
NK PRO

The Kwangbok Area Commerce Center: a model for North Korea’s retail future?

A Pyongyang shopping mall offers hints at a long-term state strategy to undercut private markets

The Kwangbok Area Commerce Center: a model for North Korea’s retail future?
Peter Ward
Peter Ward December 13, 2018
Daily NK and NK Pro foreign exchange rate data: a tale of two markets?
NK PRO

Daily NK and NK Pro foreign exchange rate data: a tale of two markets?

Taken together, the figures offer a revealing picture of short-term changes in DPRK monetary policy

Daily NK and NK Pro foreign exchange rate data: a tale of two markets?
Peter Ward
Peter Ward November 19, 2018
North Korea’s fluctuating exchange rates: space for arbitrage opportunities?
NK PRO

North Korea’s fluctuating exchange rates: space for arbitrage opportunities?

Data suggests the DPRK forex market holds potential for profits, and risks, for individuals and state actors

North Korea’s fluctuating exchange rates: space for arbitrage opportunities?
Peter Ward
Peter Ward November 14, 2018
The North Korean economy in October 2018: An overview
NK PRO

The North Korean economy in October 2018: An overview

The DPRK continues to evince stability and continuity, in spite of continued sanctions and worse than hoped for harvests

The North Korean economy in October 2018: An overview
Peter Ward
Peter Ward November 11, 2018
A North Korea-Cuba summit: why it matters
NK PRO

A North Korea-Cuba summit: why it matters

From economic reform to U.S. sanctions, President Díaz-Canel and Kim Jong Un likely had plenty to discuss

A North Korea-Cuba summit: why it matters
Peter Ward
Peter Ward November 7, 2018
How North Korea’s Foreign Trade Bank sets official exchange rates
NK PRO

How North Korea’s Foreign Trade Bank sets official exchange rates

Data offers some insights into a notoriously opaque system

How North Korea’s Foreign Trade Bank sets official exchange rates
Peter Ward
Peter Ward November 6, 2018
Nepotism, dysfunction, and corruption: the leader’s complaints about DPRK banking
NK PRO

Nepotism, dysfunction, and corruption: the leader’s complaints about DPRK banking

A 2015 speech contained some frank admissions about the state of the North's finance sector

Nepotism, dysfunction, and corruption: the leader’s complaints about DPRK banking
Peter Ward
Peter Ward November 1, 2018
North Korea’s foreign trade system: big players and a gradual opening-up
NK PRO

North Korea’s foreign trade system: big players and a gradual opening-up

Recent reforms may be a step towards making DPRK enterprises more competitive on international markets

North Korea’s foreign trade system: big players and a gradual opening-up
Peter Ward
Peter Ward October 19, 2018
When North Korea experimented, unsuccessfully, with old-school Keynesianism

When North Korea experimented, unsuccessfully, with old-school Keynesianism

Facing crises, the DPRK attempted a crude imitation of the early 20th century economist's ideas

When North Korea experimented, unsuccessfully, with old-school Keynesianism
Peter Ward
Peter Ward October 17, 2018
One country, two systems: explaining North Korea’s dual exchange rates
NK PRO

One country, two systems: explaining North Korea’s dual exchange rates

A legacy of the DPRK's past, the current system has some practical benefits

One country, two systems: explaining North Korea’s dual exchange rates
Peter Ward
Peter Ward October 12, 2018
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