Posts Tagged ‘china’
By Joseph S. Bermudez Jr. and Sun Young Ahn Summary Nearly every modern nation must obtain and refine oil to ensure its economic viability, and North Korea is no exception. However, the country’s lack of significant proven oil reserves has forced it to import all of its crude oil and many of its finished petroleum products, while relying [...]
Could the New Asian Infrastructure Investment Bank Change the Dynamics of Economic Engagement with North Korea?
The surprisingly robust emergence of the Asian Infrastructure Investment Bank (AIIB) through its recruitment of 57 founding member countries has transformed prospects for economic cooperation in Asia. The AIIB promises to become a credible multilateral financial institution capable of funding significant infrastructure projects across the region. [...]
North Korea Building New Transport Corridor and Border Crossing While observers have focused attention on road improvements along the DPRK’s east and west coasts in Rason and Sinuiju, since 2011, the DPRK has been constructing a new highway segment linking Huichon to Manpho, where a new border crossing is under construction. This new road and [...]
Recent events have brought the topic of Korean unification back into public debate. Republic of Korea (ROK) President Park Geun-hye gave an important address on the subject last spring in Dresden, Germany. Last fall, Kim Jong Un’s month-long disappearance got observers speculating about his health and whereabouts. Was Kim still in power? Was the [...]
Summary North Korea’s expansion of the March 5 Youth Mine—a showcase facility intended to produce non-ferrous metals encompassing almost 2,500 acres near the Chinese border—began in 2008 and culminated in summer 2014 with the completion of a molybdenum production facility. The factory represents a notable expansion in Pyongyang’s [...]
“China Deploys Nuclear Missiles at Mt. Baekdu,” screamed the headline in the The Chosun Ilbo, ending with a warning from a professor at the Korea National Diplomatic Academy, “If China has deployed DF-21 missiles at Mt. Baekdu, it’s a warning to the military alliance among Seoul, Washington and Tokyo.” No, no and no. It’s not a [...]