Tag: economic reforms
N. Korea raises wages tenfold after 21 years, but companies struggle...
North Korea raised wages for office workers, laborers and teachers at least tenfold in Oct. 2023, marking the first major wage adjustment since economic...
Pyongyang’s prospects under Trump 2.0
A second Trump-Kim Jong-un meeting is likely under Trump 2.0, but what will come of it?
Trump indicated his willingness to engage with Kim in...
Paranoia or protectionism? North Korea’s dangerous game with Chinese returnees
North Korean authorities have recently intensified surveillance and control of Chinese residents in the country. After lifting strict border controls post-COVID-19, many Chinese who...
N. Korea takes further steps to sell public bonds to the...
North Korea recently upgraded the status of a North Korean-Chinese joint venture company as part of efforts to encourage the sale of public bonds...
N. Korea forms group to battle illegal foreign currency transactions
North Korea has moved to strongly crack down on potential "negative effects" caused by the floating of government bonds last month, including the forming...
N. Korean businessman executed for refusing to buy gov’t bonds
The owner of mine shafts in a suburban area of Pyongyang who refused to buy government bonds was recently arrested and quietly executed, Daily...
North Korea has begun issuing public bonds
North Korean authorities have finished preparations to issue public bonds as part of efforts to overcome economic difficulties posed by the COVID-19 pandemic, Daily...
Realities N. Korea faces in improving agricultural production
Since assuming power, North Korean leader Kim Jong Un has traditionally given a New Year address every year. These New Year addresses generally followed...
