June 06, 2023

Business

Information related to the North Korea business sector

Singapore charges three men over alleged oil transfer to North Korea

Singapore charges three men over alleged oil transfer to North Korea

Police accuse the men of destroying evidence of a possible ship-to-ship transfer involving a Singaporean tanker in 2018

Singapore charges three men over alleged oil transfer to North Korea
Ethan Jewell
Ethan Jewell September 16, 2022
North Korea promotes ‘encrypted’ money transfers through new financial product
NK PRO

North Korea promotes ‘encrypted’ money transfers through new financial product

Service advertised in recent brochure likely aims at concentrating foreign currency in state hands, experts say

North Korea promotes ‘encrypted’ money transfers through new financial product
Chad O'Carroll
Chad O'Carroll | Sojin Jung September 6, 2022
Why Poland could play a key role in efforts to engage North Korea
NK PRO

Why Poland could play a key role in efforts to engage North Korea

Former communist bloc state maintains ties with DPRK, but EU membership and bilateral disputes complicate cooperation

Why Poland could play a key role in efforts to engage North Korea
Nicolas Levi
Nicolas Levi September 5, 2022
North Korea updates foreign trade law in apparent attempt to control money flows
NK PRO

North Korea updates foreign trade law in apparent attempt to control money flows

Introduction of new rules for second time during pandemic suggests lockdown led to more restrictive business environment

North Korea updates foreign trade law in apparent attempt to control money flows
Martin Weiser
Martin Weiser August 31, 2022
Friends without benefits: How a new US law penalizes South Korean carmakers
KOREA PRO

Friends without benefits: How a new US law penalizes South Korean carmakers

Inflation Reduction Act casts doubt over Washington’s commitment to multilateralism and economic security of its allies

Friends without benefits: How a new US law penalizes South Korean carmakers
Sooyoung Oh
Sooyoung Oh August 30, 2022
New smartphones appear in North Koreans’ hands for first time in years

New smartphones appear in North Koreans’ hands for first time in years

Models with more advanced cameras likely imported from China despite sanctions in effort to appeal to consumers

New smartphones appear in North Koreans’ hands for first time in years
Colin Zwirko
Colin Zwirko August 30, 2022
As North Korean cyberattacks wreak havoc, insurers move to safeguard industry
NK PRO

As North Korean cyberattacks wreak havoc, insurers move to safeguard industry

Proposed exception for state-backed attacks will run into difficulties due to complexity of attribution, experts say

As North Korean cyberattacks wreak havoc, insurers move to safeguard industry
Ethan Jewell
Ethan Jewell August 26, 2022
COVID outbreak at Russian border looms over North Korea trade plans

COVID outbreak at Russian border looms over North Korea trade plans

Virus surge in Vladivostok may disrupt plans to open import disinfection center, amid activity at DPRK border facility

COVID outbreak at Russian border looms over North Korea trade plans
Colin Zwirko
Colin Zwirko August 26, 2022
Why foreign offers of investment will never be attractive to Pyongyang
NK PRO

Why foreign offers of investment will never be attractive to Pyongyang

Capital growth, transparency and foreign information are anathema to Kim Jong Un, who draws power from DPRK’s isolation

Why foreign offers of investment will never be attractive to Pyongyang
Chad O'Carroll
Chad O'Carroll August 23, 2022
Seoul avoids diplomatic disaster in forced labor dispute with Japan — for now
KOREA PRO

Seoul avoids diplomatic disaster in forced labor dispute with Japan — for now

Supreme Court could still order Japanese firm to pay reparations, a move that would incite cycle of mutual retaliation

Seoul avoids diplomatic disaster in forced labor dispute with Japan — for now
Justin Yeo
Justin Yeo August 23, 2022
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