July 06, 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.

NK PRO
Analysis

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

Peter WardPeter WardJune 22, 2022
KOREA PRO

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

Peter WardPeter WardJune 15, 2022
NK PRO
Analysis

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

Peter WardPeter WardJune 13, 2022
NK PRO
Analysis

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

Peter WardPeter WardJune 6, 2022
NK PRO
Analysis

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

Peter WardPeter WardMay 31, 2022
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

Peter WardPeter WardMay 30, 2022
NK PRO
Analysis

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

Peter WardPeter WardMay 26, 2022
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

Peter WardPeter WardMay 2, 2022
NK PRO
Analysis

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

Peter WardPeter WardApril 26, 2022
NK PRO
Analysis

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

Peter WardPeter WardApril 11, 2022
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