January 28, 2023

About the author

Peter Ward

Peter Ward is a senior researcher at Kookmin University, a writer and researcher focusing on the North Korean economy, and holds a Ph.D. from the University of Vienna.

More articles by 'Peter Ward'

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
The unique ways that capital is allocated in North Korea
NK PRO

The unique ways that capital is allocated in North Korea

The DPRK relies on Soviet-style state-directed development, with regular households expected to make up the rest

The unique ways that capital is allocated in North Korea
Peter Ward
Peter Ward February 18, 2022
The price is right: How North Korea has sought to rein in market forces
NK PRO

The price is right: How North Korea has sought to rein in market forces

Recent DPRK research points to tighter regulations, likely to prevent price wars and manage competition between firms

The price is right: How North Korea has sought to rein in market forces
Peter Ward
Peter Ward February 8, 2022
Why North Koreans make the rational choice to accept state repression
NK PRO

Why North Koreans make the rational choice to accept state repression

The DPRK’s crackdown on foreign media can make ignorance the best option, but it also comes at high cost to the regime

Why North Koreans make the rational choice to accept state repression
Peter Ward
Peter Ward January 25, 2022
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