Economy
Information related to the North Korea economic sector
North Korea is sending mixed signals about the state of its market reforms
North Korea hinted that it was going to exert more state control over the economy, but is that really happening?
March 29, 2021
North Korean conglomerate faces serious fallout after deadly bus accident
Korea Kumgang Group appears to have downsized or shut down completely after a once-successful run
March 29, 2021
Kim Jong Un wants to gift fancy new ‘terrace’ flats to teachers and scientists
The North Korean leader recently inspected housing development plans and prototype passenger buses, state media says
March 25, 2021
Two years past deadline, major North Korean beach resort inches towards opening
Construction worker camps were removed and trucks moved around the sprawling beach resort, satellite imagery shows
March 25, 2021
North Korea kicks off plan to build 10,000 ‘modern flats’ in Pyongyang this year
Kim Jong Un said the project will fix the “housing problem” in the capital city “once and for all”
March 23, 2021
North Korea-China trade further plummets in the second year of COVID-19
China only exported electricity to the DPRK in Feb. 2021, with total trade values sliding under a mere $2 million
March 22, 2021
North Korea imports only $32,000 worth of Chinese goods amid deep trade slump
Chinese exports to the DPRK hit a record low since at least 2017, according to new numbers from January and February
March 19, 2021
North Korea’s new China ambassador may boost economic cooperation to new heights
Diplomat Ri Ryong Nam was appointed around the same time as a series of reports on increased China-DPRK cooperation
March 18, 2021
China’s new domestic vaccine mandate could devastate future North Korea travel
Beijing announced that visa applicants will have to be inoculated with a Chinese-made vaccine
March 18, 2021
Energy plant powering North Korea’s capital city in a state of ‘dire disrepair’
One of North Korea’s biggest energy sites is nearing its end while another remains under construction, new report says
March 17, 2021
