July 04, 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.

Featured Content

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

Peter WardPeter WardApril 7, 2022
NK PRO
Analysis

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

Peter WardPeter WardMarch 29, 2022
NK PRO
Analysis

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

Peter WardPeter WardFebruary 18, 2022
NK PRO
Analysis

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

Peter WardPeter WardFebruary 8, 2022
NK PRO
Analysis

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

Peter WardPeter WardJanuary 25, 2022
NK PRO
Analysis

Kim Jong Un’s plenum speech displays striking lack of new economic ideas

North Korea is prioritizing central control, rolling back reforms in ways that hurt markets and economic autonomy

Peter WardPeter WardJanuary 1, 2022
NK PRO
Analysis

In officially tax-free North Korea, where does the state get its money?

The DPRK has multiple revenue sources, including taxes, that have both positive and negative impacts on the economy

Peter WardPeter WardDecember 30, 2021
NK PRO
Analysis

What the North Korean economy will look like over the next 10 years

Kim Jong Un will likely continue rolling back tepid reforms, with potentially disastrous consequences for marketization

Peter WardPeter WardDecember 23, 2021
NK PRO
Analysis

How Kim Jong Un uses party committee memberships to manage Pyongyang’s elite

Political and military elites in North Korea appear to rotate in and out of power much more frequently under Kim

Peter WardPeter WardDecember 14, 2021
NK PRO
Analysis

How has COVID-19 impacted North Korean market prices?

Foreign exchange, food and fuel all took different price swings during North Korea’s strict pandemic border controls

Peter WardPeter WardDecember 1, 2021
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