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Economy

Information related to the North Korea economic sector

Russia-North Korea trade hit ‘record’ $34M in 2024 on food and fuel: Official
News

Russia-North Korea trade hit ‘record’ $34M in 2024 on food and fuel: Official

Experts say minuscule figure from trade insider reflects limited commercial ties, while ignoring military cooperation

Russia-North Korea trade hit ‘record’ $34M in 2024 on food and fuel: Official
Anton SokolinAnton Sokolin June 11, 2025
Chinese envoy voices hope for foreign tourists to ski at North Korean resort
News

Chinese envoy voices hope for foreign tourists to ski at North Korean resort

Wang Yajun’s remarks during visit to border city of Samjiyon come as DPRK keeps its doors closed to Chinese travelers

Chinese envoy voices hope for foreign tourists to ski at North Korean resort
Dave YinDave Yin June 10, 2025
Kim Jong Un blames poor hospital construction on use of unskilled military labor
News

Kim Jong Un blames poor hospital construction on use of unskilled military labor

North Korean leader schedules major conference next month to address ‘obsolete’ customs holding back state projects

Kim Jong Un blames poor hospital construction on use of unskilled military labor
Colin ZwirkoColin Zwirko June 10, 2025
Major DPRK conglomerate targets Russian market with wide-ranging trademark bid
News

Major DPRK conglomerate targets Russian market with wide-ranging trademark bid

Ragwon Trading Corp. eyes export of growth enhancers, beverages and hygiene products, after years operating in Far East

Major DPRK conglomerate targets Russian market with wide-ranging trademark bid
Anton SokolinAnton Sokolin June 6, 2025
Justice Department seeks forfeiture of $7.74M in North Korean crypto laundering
News

Justice Department seeks forfeiture of $7.74M in North Korean crypto laundering

Action targets seized funds connected to broader scheme that saw DPRK IT workers illegally obtaining employment in US

Justice Department seeks forfeiture of $7.74M in North Korean crypto laundering
Shreyas ReddyShreyas Reddy June 6, 2025
Kim Jong Un vets 10-year plan to build more hospitals in visit to pilot project
News

Kim Jong Un vets 10-year plan to build more hospitals in visit to pilot project

North Korean leader turns focus from military for first time in weeks after managing warship fiasco and Russia ties

Kim Jong Un vets 10-year plan to build more hospitals in visit to pilot project
Colin ZwirkoColin Zwirko June 3, 2025
Russia looks to speed up construction of new car bridge to North Korea
News

Russia looks to speed up construction of new car bridge to North Korea

Draft decree moves up completion date from end of next year to June 2026, targeting anniversary of Kim-Putin summit

Russia looks to speed up construction of new car bridge to North Korea
Anton SokolinAnton Sokolin June 2, 2025
North Korean firms tout labor exports and luxury goods despite sanctions
News

North Korean firms tout labor exports and luxury goods despite sanctions

New issue of Foreign Trade magazine promotes DPRK inroads in Russia and China, including through joint ventures

North Korean firms tout labor exports and luxury goods despite sanctions
Anton SokolinAnton Sokolin May 28, 2025
Why North Korea’s bold experiment with raising wages is destined to fail
Opinion

Why North Korea’s bold experiment with raising wages is destined to fail

Fueled by Russian funds, the reforms substitute ideology for economics and risk inflation, deeper poverty or worse

Why North Korea’s bold experiment with raising wages is destined to fail
Chan Young BangChan Young Bang May 27, 2025
Sanctioned peanuts and other North Korean goods set to enter Russia: Records
News

Sanctioned peanuts and other North Korean goods set to enter Russia: Records

Official filings show Russian firms are looking to import agricultural goods, medicines and ginseng beverages from DPRK

Sanctioned peanuts and other North Korean goods set to enter Russia: Records
Anton SokolinAnton Sokolin May 26, 2025
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