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In December of 1991, North Korea merged Rajin and Sunbong, on the northernmost borderland of North Hamkyung Province where North Korea, China and Russia meet, and designated Rasun City a Free Economic Trade Zone. Drawing up a plan to make this area a hub f..
[2010-03-16 16:07] |
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It has been almost three months since North Korea redenominated and replaced its currency. Through the currency redenomination, the North Korean regime sought to solve problems of inflation and expand its control over the economy. However, the currency redenomina..
[2010-02-24 10:46] |
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The recent North Korean redenomination has been compared to Vietnam's 1985 redenomination, but there are stark limitations to the similarities between the two. In truth, North Korea seems to have carried out its redenomination for different reasons.In which case..
[2009-12-23 20:27] |
| U.S. Special Representative for North Korea Policy Stephen Bosworth's visit to the North took place in early December. The visit was the first official one by a high-ranking figure since the Obama administration took office, and took place in the midst of con..
[2009-12-20 00:27] |
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Several issues which become evident when comparing North Korea and VietnamNorth Korea undertook blitzkrieg currency reform (redenomination) on November 30th, converting its old currency into a new one at a 100:1 exchange rate. Yet the North Korean authorities,..
[2009-12-17 11:21] |
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The latest “KDI Review of the North Korean Economy” was issued by the Korea Development Institute on June 30. Its key conclusion is that North Korea is facing another March of Tribulation, just like the famine which followed shortly after Kim Il Sung’s death in 1..
[2009-07-21 18:00] |
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Recently, North Korea has been sending warning threats to South Korea, and has fired off long and medium-range missiles regularly, 18 to date, from the intercontinental ballistic missile which it launched on April 5th up until July 4th, Independence Day in the..
[2009-07-08 11:12] |
| On January 15th, South Korea's Yonhap, citing information from various sources, reported the following:"Lee Jeh Gang, First Vice Director of the Korean Workers' Party's (KWP) Guidance Department, after mobilizing high-level officials and relaying the design..
[2009-06-21 23:38] |
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I. Kim Jong Il’s threats against South Korea are ever increasing. Although North Korean threats against South Korea do not make headlines, it is still necessary to plan out a careful and cautious policy by which to respond. Considering the fact that current threa..
[2009-02-04 18:25] |
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