US Korea Institute

Saturday May 27th 2017
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Posts Tagged ‘trade’

North Korea and Mar-a-Lago: Did It Make Any Difference?

North Korea and Mar-a-Lago: Did It Make Any Difference?

(Photo: Ministry of Foreign Affairs, People’s Republic of China) Whether measured in terms of a week, a day, a few hours or even ten minutes, while the outcome of the Mar-a-Lago summit between US President Donald Trump and Chinese President Xi Jinping cannot yet be characterized as a breakthrough, it certainly was not the acrimonious [...]

Multilateralizing Approaches to North Korea: The Canadian Case

Multilateralizing Approaches to North Korea: The Canadian Case

As North Korea began its 7th Worker’s Party Congress in May, it shepherded over 100 foreign journalists around to sites largely unrelated to the event they had come to see. One of these locations was the 326 Electric Cable Factory in Pyongyang, where the most noteworthy sight for reporters was a stack of boxes from Dow Canada—a shipment of [...]

UNSCR 2270: The Good, the Bad and the Perhaps Surprising Opportunity for the North Korean Economy

UNSCR 2270: The Good, the Bad and the Perhaps Surprising Opportunity for the North Korean Economy

The new sanctions established on March 2, by UN Security Council Resolution (UNSCR) 2270 bring to mind the hardships that North Korea endured after the collapse of the Soviet Union. The economic disruption from the end of the Cold War led to a contraction of production in the DPRK and hobbled its Public Distribution System (PDS), contributing [...]

North Korea’s Special Economic Zones: Plans vs. Progress

North Korea’s Special Economic Zones: Plans vs. Progress

Since Kim Jong Un assumed power, he has prioritized economic development in a way his father never did. Indeed, much of his domestic brand is now linked to economic growth and quality of life issues. He has tinkered with the modus operandi of both farms and state owned enterprises, and set forth a very visible economic experiment: the creation of [...]

Laudable? Lawdy, No! How South Korea’s Spurious Self-Effacement Messes Up North Korea’s Trade Data

Laudable? Lawdy, No! How South Korea’s Spurious Self-Effacement Messes Up North Korea’s Trade Data

Ruediger Frank is one of the very best authorities we have on the DPRK economy. As readers of 38 North well know, he is equally adept at incisive abstract analysis and informed first-hand observation in this vital area. His latest article, “North Korea’s Foreign Trade,” is no exception. Frank has done us all a service, especially those with [...]

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 [...]

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