US Korea Institute

Tuesday May 3rd 2016
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Posts Tagged ‘economy’

The 2016 North Korean Budget Report: 12 Observations

The 2016 North Korean Budget Report: 12 Observations

On March 30, 2016, the 9th plenary meeting of the 13th Presidium of the Supreme People’s Assembly (SPA) of the DPRK convened at the Mansudae Assembly Hall in Pyongyang. Such meetings are routine events taking place annually in the spring. A senior official, usually the Prime Minister or the Minister of Finance, reports on the state budget for [...]

Hiding in Plain Sight: Cowboys, Conmen and North Korea’s $6 Trillion Natural Resource Prize

Hiding in Plain Sight: Cowboys, Conmen and North Korea’s $6 Trillion Natural Resource Prize

EXECUTIVE SUMMARY Kevin Leech became a billionaire through a series of investments in pharmaceutical and technology companies after selling his family’s 38 funeral parlors across England. After losing everything when his company, an internet incubator named Ci4net.com collapsed, Leech emerged from bankruptcy in 2005 and engineered a series of [...]

Pulling the Rabbit Out of the Hat: Kim Jong Un’s Path Out of the Nuclear Crisis

Pulling the Rabbit Out of the Hat: Kim Jong Un’s Path Out of the Nuclear Crisis

Everyone has a pet thesis about what is going on and what will happen on the North Korean issue over the next several months. In mid-January, I laid out what seemed to be six likely possibilities to keep in mind. Ten weeks later, I think we can winnow the choices down to two. (Photo: Getty-Reuters.) The first possibility is that we are in [...]

UNSCR 2270: A Conundrum for Russia

UNSCR 2270: A Conundrum for Russia

The international community’s relationship with North Korea has reached a bifurcation point that may have far-reaching consequences for the strategic positions of key national players. Specifically, the latest UN sanctions against the DPRK appear likely to substantially harm Russian economic and security interests on the Korean peninsula. [...]

The New UNSC Sanctions Resolution on North Korea: A Deep Dive Assessment

The New UNSC Sanctions Resolution on North Korea: A Deep Dive Assessment

UN Security Council Resolution 2270, passed on March 2, 2016, substantially shifts the multilateral sanctions regime on North Korea. It not only bolsters existing provisions, but also moves beyond sanctions that rest on determinations that a proscribed activity has taken place, such as arms-related proliferation. Photo: Brendan [...]

The Economics of Kaesong: Examining the Numbers

The Economics of Kaesong: Examining the Numbers

In response to my article on the Kaesong closure, I have received many helpful comments. In some cases, they confirmed my position; in others, they provided valid criticism that compelled me to check and rethink my arguments. Photo: Yonhap News. One of these comments has been published as a separate article at 38 North by Mr. William Brown. [...]

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Credit for photo of young North Korean girl: T.M. All rights reserved, used with permission.