US Korea Institute

Thursday May 5th 2016
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Posts Tagged ‘Rudiger Frank’

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 [...]

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. [...]

The Kaesong Closure: Punishment or Shot in the Foot?

The Kaesong Closure: Punishment or Shot in the Foot?

On February 10, 2016, the South Korean government decided to cancel cooperation with North Korea in the Kaesong Industrial Zone (KIZ, or simply Kaesong), arguing that the income from the zone had been used by Pyongyang to finance its nuclear and missile programs. One day later, the North froze all assets, expelled all South Koreans and declared [...]

North Korea’s Foreign Trade

North Korea’s Foreign Trade

Foreign trade is, like elsewhere and for obvious reasons, one of the key indicators of North Korea’s economy. However, since the state is notoriously reluctant to provide related figures, we have to rely on external sources to obtain this data. The South Korean Trade-Investment Promotion Agency (KOTRA) is one institution that has for many years [...]

The North Korean Budget Report 2015: Ten Observations

The North Korean Budget Report 2015: Ten Observations

On April 9, 2015, the Supreme People’s Assembly (SPA), North Korea’s parliament, met for its annual spring session. As usual, the Prime Minister gave an overview of the major economic achievements of the past year and the tasks ahead, and the Minister of Finance reported on the state budget for the previous and current years. Given the lack [...]

Rason Special Economic Zone: North Korea as It Could Be

Rason Special Economic Zone: North Korea as It Could Be

If you have ever been to North Korea, you might know that feeling: you are in the country, and at the same time, you are not. Foreign visitors usually stroll through the streets as if they are caught inside a huge transparent rubber sphere. They can see and hear, but most of the time there is this invisible but tangible wall between them and the [...]

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