June 03, 2023


Peter Ward

Peter Ward is a senior researcher at Kookmin University, a writer and researcher focusing on the North Korean economy, and holds a Ph.D. from the University of Vienna.


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

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

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

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

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

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

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

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

North Korea warily eyes the markets that now dominate food distribution

Recently revealed changes to the Food Administration Act suggest efforts to reassert state control over grain sales

Peter WardPeter WardNovember 25, 2021

Cold hard cash? Currency coupons give North Korea options with money supply

Inability to print cash likely behind coupons, but they also provide a safeguard for post-pandemic currency devaluation

Peter WardPeter WardNovember 10, 2021
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