Peter Ward is a writer and researcher focusing on the North Korean economy, as well as a PhD candidate at the University of Vienna.
50,000-won denomination appears to be result of state efforts to push enterprises away from using foreign currency
Different factors have driven rising prices in two countries, increasing likelihood of economic slowdown
Leadership signaled focus on agriculture and construction as it deals with effects of long-term trade shutdown
Actual control and right to buy and sell are increasingly determined by access to funds, not by state fiat
Measures targeting DPRK’s weapons programs can serve interests of security institutions, military and firms
Analysts link Korean stock market’s poor performance to a range of risks, from North Korea to weak shareholder rights
Private market actors are necessary for the DPRK’s drug distribution system to function, but supplies are highly limited
Inflation not particularly high in the country, but long-term trends point to serious risk of stagnation under Yoon
Russia’s economy is far larger and more connected to the rest of the world than the DPRK’s
While the DPRK compares favorably with wealthier countries on some metrics, political decisions still hobble the economy
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