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.
50,000-won denomination appears to be result of state efforts to push enterprises away from using foreign currency
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
Private market actors are necessary for the DPRK’s drug distribution system to function, but supplies are highly limited
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
New book explores how foreign governments and military-industrial complex influence US foreign policy
Subsidized trade and depressed demand likely insulate the DPRK economy from food and oil price shocks — but not forever
The DPRK relies on Soviet-style state-directed development, with regular households expected to make up the rest
Specialist news and analysis,
research tools, and unique data sets
Internet Explorer is not compatible with this website. We instead recommend using Chrome, Edge, Firefox or Safari.
Microsoft ceased supporting IE 10 and older in 2016.
In addition, Microsoft cyber-security chief Chris Jackson has been urging users to stop using the browser since February 2019.
Specialist DPRK news and analysis, bespoke research tools, and unique data sets
Learn MoreEnter your details below
Don't have an account? SIGN UP
Specialist DPRK news and analysis, bespoke research tools, and unique data sets
Learn MorePlease enter your username or email address. You will receive a link to create a new password via email.
Don't have an account? SIGN UP