Peter Ward is a writer and researcher focusing on the North Korean economy, as well as a PhD candidate at the University of Vienna.
In latest speech, North Korean leader doubles down on decades-old proposals that have failed to fix incentive problems
A range of factors constrain the North Korean leader in practice, despite his supreme authority in principle
Status contributes to undervalued stocks, but Seoul has shown little interest in required reforms
Global inflation, signs of looming food shortages may be driving forex market in DPRK
Questionable assumptions underlie researchers’ methods and findings, as DPRK economy remains a statistical black hole
Documents show DPRK leader reinstated agreed price system his father rolled back but stopped short of true free market
Collapse of Soviet Union led Pyongyang to create markets for enterprises to trade, but a backlash rolled back reforms
Central bank seeks to curb inflation, but rate increase will likely be painful for many firms and households
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
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