Economy

Feature stories on the economy.

Wednesday 30th November, 2016
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Despite UN sanctions, China has been reportedly exporting fuel by train from a Dandong military fuel supply centre to North Korea, according to a report by Radio Free Asia. ...

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Monday 25th March, 2013
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  Since the collapse of the Public Distribution System and North Korea’s state-controlled People’s Economy, state food rations stopped and it became impossible for all but the most pr...

Thursday 14th March, 2013
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A clean street in Pyongyang. South Koreans spends money to discard trash, North Koreans earn money by collecting it – and imported trash is at a premium In South Korea, the number of trash cans ...

Wednesday 6th March, 2013
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The ongoing battle between capitalist forces and the laws of socialism Today, North Korea has come to resemble other capitalist economies in the way money is circulated in its markets. There is even a...

Tuesday 5th March, 2013
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  The breakdown of North Korea’s Public Distribution System in the mid 90s has led to many changes in the lives of ordinary North Koreans, and these persist today. Fewer people turn up for ...

Friday 1st March, 2013
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The North Korean elite is commonly defined as including Party and state officials, high ranking officers in the Korean People’s Army, and those who have foreign work experience or have family member...

Tuesday 19th February, 2013
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With last month’s visit to North Korea by Google’s chairman Eric Schmidt, there was much media speculation of whether North Korea might open up to the Internet. After his visit, Schmidt is...

Monday 18th February, 2013
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When a case of bribery and corruption arises in South Korea, as it often does, the term ‘apple crate’ is sometimes used to refer to the bribe. An apple crate stuffed with 50,000 won notes is suppo...

Friday 15th February, 2013
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  For ordinary North Korean citizens, imported liquors remain an expensive luxury. But foreigners who visit the country are often shocked at the low price of imported liquors in North Korean hote...

Friday 8th February, 2013
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The partition of the Korean peninsula is not only a geographical divide, but also an economic divide. South Korea is one of 12 developed countries in the world, while the North Korean economy is one o...

Sunday 27th January, 2013
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On 21st January 2013, Lord Alton of Liverpool re-stated in parliament a question put to the UK government before the 2012 Food Security Summit in London: however much we may despise the ideology of No...