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More articles by 'Peter Ward'
How Kim Jong Un created space for North Korean firms to set prices — with limits
Documents show DPRK leader reinstated agreed price system his father rolled back but stopped short of true free market
How North Korean businesses skirted state-set price controls to survive
Collapse of Soviet Union led Pyongyang to create markets for enterprises to trade, but a backlash rolled back reforms
What the Bank of Korea’s rate spike means for the South Korean economy
Central bank seeks to curb inflation, but rate increase will likely be painful for many firms and households
North Korea’s largest-ever banknote signals changes underfoot in monetary system
50,000-won denomination appears to be result of state efforts to push enterprises away from using foreign currency
Why inflation is finally spiking in South Korea, months after the US
Different factors have driven rising prices in two countries, increasing likelihood of economic slowdown
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
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
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
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
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
