October 02, 2022

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'

How COVID-19 and drought shaped North Korea’s priorities at latest party plenum
NK PRO

How COVID-19 and drought shaped North Korea’s priorities at latest party plenum

Leadership signaled focus on agriculture and construction as it deals with effects of long-term trade shutdown

How COVID-19 and drought shaped North Korea’s priorities at latest party plenum
Peter Ward
Peter Ward June 13, 2022
Factor markets: Who really owns the land, labor and capital in North Korea?
NK PRO

Factor markets: Who really owns the land, labor and capital in North Korea?

Actual control and right to buy and sell are increasingly determined by access to funds, not by state fiat

Factor markets: Who really owns the land, labor and capital in North Korea?
Peter Ward
Peter Ward June 6, 2022
Why some North Koreans actually benefit from sanctions on their country
NK PRO

Why some North Koreans actually benefit from sanctions on their country

Measures targeting DPRK’s weapons programs can serve interests of security institutions, military and firms

Why some North Koreans actually benefit from sanctions on their country
Peter Ward
Peter Ward May 31, 2022
The Korea discount: Why South Korea’s stock market is so underpriced
KOREA PRO

The Korea discount: Why South Korea’s stock market is so underpriced

Analysts link Korean stock market’s poor performance to a range of risks, from North Korea to weak shareholder rights

The Korea discount: Why South Korea’s stock market is so underpriced
Peter Ward
Peter Ward May 30, 2022
Why North Korea’s pharmacies are unequipped to confront COVID-19
NK PRO

Why North Korea’s pharmacies are unequipped to confront COVID-19

Private market actors are necessary for the DPRK’s drug distribution system to function, but supplies are highly limited

Why North Korea’s pharmacies are unequipped to confront COVID-19
Peter Ward
Peter Ward May 26, 2022
What to expect from the South Korean economy under Yoon Suk-yeol
KOREA PRO

What to expect from the South Korean economy under Yoon Suk-yeol

Inflation not particularly high in the country, but long-term trends point to serious risk of stagnation under Yoon

What to expect from the South Korean economy under Yoon Suk-yeol
Peter Ward
Peter Ward May 2, 2022
Russia faces North Korea-level sanctions, but can’t escape them like Pyongyang
NK PRO

Russia faces North Korea-level sanctions, but can’t escape them like Pyongyang

Russia’s economy is far larger and more connected to the rest of the world than the DPRK’s

Russia faces North Korea-level sanctions, but can’t escape them like Pyongyang
Peter Ward
Peter Ward April 26, 2022
Why urbanized, well-educated North Korea remains paradoxically poor
NK PRO

Why urbanized, well-educated North Korea remains paradoxically poor

While the DPRK compares favorably with wealthier countries on some metrics, political decisions still hobble the economy

Why urbanized, well-educated North Korea remains paradoxically poor
Peter Ward
Peter Ward April 11, 2022
Book review: How interest groups shape US policy toward North Korea

Book review: How interest groups shape US policy toward North Korea

New book explores how foreign governments and military-industrial complex influence US foreign policy

Book review: How interest groups shape US policy toward North Korea
Peter Ward
Peter Ward April 7, 2022
Why Russia’s invasion of Ukraine has a limited impact on North Korea’s economy
NK PRO

Why Russia’s invasion of Ukraine has a limited impact on North Korea’s economy

Subsidized trade and depressed demand likely insulate the DPRK economy from food and oil price shocks — but not forever

Why Russia’s invasion of Ukraine has a limited impact on North Korea’s economy
Peter Ward
Peter Ward March 29, 2022
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