The DPRK economy and its laws #3: Are inter-Korean agreements dead or alive?
While inter-Korean relations are on ice, important agreements not yet torn up
The two Koreas spent 25 years locked against each other before a landmark bilateral agreement in 1972 brokered a very slow thaw between the countries. Economic cooperation eventually followed, precipitated by what was possibly the first inter-Korean trade of the purchase of DPRK pottery by Daewoo in 1988 through a Hong Kong intermediary.
But the breakthrough for economic cooperation was the inter-Korean Basic Agreement (‘Agreement on Reconciliation, Nonaggression, and Exchanges of Cooperation between the South and the North). It came into effect in 1992 and gave the green light for official and expanded economic exchanges between the two sides. Daewoo proceeded
- 01Cigarettes over medicine? Tobacco imports to North Korea lead trade with China
- 02US Treasury’s sanctions review: What it means for North Korea policy
- 03North Korea pulls back the curtain on current and future weapon technologies
- 04What ‘economic development’ means to Kim Jong Un
- 05As China burns through coal, North Korea steps in to fill the gap
- 06After years in hiding, a North Korean ship shows its true colors
- 07New missiles and Kim Jong Un idolatry dominate ‘Self-Defense-2021’ expo
- 08Taekwondo, tourism and trade: Estonia’s ties with North Korea