April 25, 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'

Masters of the farm: North Korea’s new agricultural entrepreneurs

Masters of the farm: North Korea’s new agricultural entrepreneurs

The "Field Responsibility System" gives bosses much greater incentives to innovate

Masters of the farm: North Korea’s new agricultural entrepreneurs
Peter Ward
Peter Ward October 8, 2018
Paid in full: North Korea’s changing wage system
NK PRO

Paid in full: North Korea’s changing wage system

Official sources suggest employers have increased freedom to hand out bonuses and benefits

Paid in full: North Korea’s changing wage system
Peter Ward
Peter Ward October 1, 2018
Could North Korea really join the International Monetary Fund?

Could North Korea really join the International Monetary Fund?

The benefits are clear, but meeting the requirements would be too risky for Pyongyang

Could North Korea really join the International Monetary Fund?
Peter Ward
Peter Ward September 27, 2018
Markets under Kim Jong Un: understanding the new scope of DPRK enterprise
NK PRO

Markets under Kim Jong Un: understanding the new scope of DPRK enterprise

Official publications point to a growth in the range of transactions that SOEs can engage in

Markets under Kim Jong Un: understanding the new scope of DPRK enterprise
Peter Ward
Peter Ward September 25, 2018
The Pyongyang Joint Declaration: some key takeaways
NK PRO

The Pyongyang Joint Declaration: some key takeaways

While missiles will grab headlines, the economic component may prove the most consequential

The Pyongyang Joint Declaration: some key takeaways
Peter Ward
Peter Ward September 19, 2018
How North Korea fits into China’s Belt and Road Initiative
NK PRO

How North Korea fits into China’s Belt and Road Initiative

Obstacles to joining BRI remain despite existing investment relationship

How North Korea fits into China’s Belt and Road Initiative
Peter Ward
Peter Ward September 6, 2018
How N. Korean literature offers hints at major agricultural reforms taking place

How N. Korean literature offers hints at major agricultural reforms taking place

Subtle mentions of reforms in past years point to emphasis on science-based system

How N. Korean literature offers hints at major agricultural reforms taking place
Peter Ward
Peter Ward September 3, 2018
What McDonald’s can teach us about the North Korean economy

What McDonald’s can teach us about the North Korean economy

There are some unlikely parallels between the Golden Arches and the DPRK's nascent private sector

What McDonald’s can teach us about the North Korean economy
Peter Ward
Peter Ward August 19, 2018
North Korean enterprise and collective farm reform: what next?
NK PRO

North Korean enterprise and collective farm reform: what next?

Property rights will require a major overhaul if the DPRK is to experience any real development

North Korean enterprise and collective farm reform: what next?
Peter Ward
Peter Ward August 13, 2018
Price setting in North Korea: From marketization to institutionalization
NK PRO

Price setting in North Korea: From marketization to institutionalization

Analysis suggests the market has moved from the margins of the DPRK economy to the center

Price setting in North Korea: From marketization to institutionalization
Peter Ward
Peter Ward August 6, 2018
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