Business
Information related to the North Korea business sector
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
December 30, 2021
US bank fined $105k for violating North Korea sanctions
TD Bank processed over a thousand transactions for North Korean diplomats, apparently unaware it was illegal
December 24, 2021
North Korea praises new food factories, but construction often dragged for years
Kim Jong Un pushed dog meat restaurant while border province built factories during year of acute food shortages
December 21, 2021
Despite uptick in exports, North Korea’s trade with China sags in November: Data
Expert says DPRK appears to lack financing for imports, with low trade meaning even one shipment could impact numbers
December 20, 2021
North Korean insurance data points to small business growth despite pandemic
Data from five insurers suggests they’re weathering the downturn and that the economy has declined less than thought
December 16, 2021
North Korea enacts property law, announces early 2022 assembly session
Supreme People’s Assembly met Tuesday to pass laws on property, construction and transportation, says state media
December 15, 2021
North Korea in November 2021: A month in review and what’s ahead
An analytical look at the main developments from November 1, 2021 to November 30, 2021
December 3, 2021
North Korean capitalism’s failure in the Third World
Pyongyang mixed economics and politics as it competed with Seoul and sought new trade partners in the Global South
December 2, 2021
Chinese city announces winning bids for upgrades to China-DPRK border station
Dandong contracts tech firms to install electrical systems in sign of continuing preparations to resume overland trade
November 30, 2021
South Korean city to make longshot proposal for ferry to North Korea
Hwaseong to suggest 14 cooperative projects with DPRK’s Haeju amid ongoing freeze in inter-Korean ties
November 29, 2021
