North Korea Has Asia’s Hottest Currency
June 12th, 2021
Via Asia Times, a report on how – if Chinese border traders reflect market reality – the won is up 33% against the yuan and 18% to the buck in three short weeks: Something weird recently happened to what had been one of the world’s least coveted currencies. If you were North Korean and wanted […]
Read more »North Korea’s Oil Procurement Networks
April 26th, 2021
Via The Diplomat, an interesting interview on the subject of North Korea’s oil procurement network: Briefly explain North Korea’s fuel-procurement strategy. North Korea is completely dependent on foreign sources of fuel for its economy, military, and weapons program. The U.N. Security Council first imposed caps on North Korea’s fuel imports in 2017, but it has […]
Read more »Two Koreas, One Market
April 23rd, 2021
Via NK News, a report on a South Korean minister’s dreams of merging its economy with the North: North and South Korea should unify their economies while maintaining separate political systems, South Korean unification minister Lee In-young said on Thursday. “Our approach now should aim more at the ‘one people, two countries, two systems, and one […]
Read more »North Korea’s Economy: Recentralized And China-Reliant
April 10th, 2021
Via The East Asia Forum, a report on North Korea’s economy: In North Korea, many enjoy making money for themselves by selling products in private markets. Under Kim Jong-un, expanding these markets became a source of tax revenue for the regime. But this changed in the past year with the outbreak of COVID-19. The closure […]
Read more »An Oil Pipeline Between North Korea and China Raises Nuclear Concerns
April 5th, 2021
Via NK News, an article on a pipeline for crude oil between China and the DPRK: North Korea fired its way back into international headlines in March when it launched two short-range ballistic missiles towards the East Sea, sparking outcry from officials in Seoul, Washington, Tokyo and beyond. Back in 2017, the United Nations had had enough […]
Read more »Fears Mount Over North Korean ‘Great Leap Backwards
March 14th, 2021
Courtesy of The Financial Times, an article on how Kim Jong Un’s ideology of self-reliance risks causing food shortages and economic collapse: On the western bank of the Yalu in the Chinese city of Dandong, containers packed with medical supplies and protein biscuits stand untouched, prohibited from being trucked across the river and into North Korea. […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.