Courtesy of Business Insider, an interesting look at China’s plans to utilize North Korea as part of its strategy to revitalize its NE rustbelt territory: At China’s very farthest limits, a town sandwiched between North Korea and Russia stands at the heart of Beijing’s plan to revitalise its bleak, frigid northeastern rustbelt. Beijing has a […]
Read more »Via NK News, a report on North Korea’s economy which notes that service and construction sectors showed remarkable improvement, while primary industry remained stagnant due to last year’s drought: The Bank of (South) Korea on Friday unveiled the North Korean economic growth rate, noting that its gross domestic product increased 1 percent in 2014 from the previous […]
Read more »Courtesy of The Financial Times, an interesting article on how a shadowy organization’s alliance with the Queensway Group is helping Pyongyang bring in cash in the face of isolation: In the middle of last year, the residents of Pyongyang began to notice a new fleet of taxis operating in the North Korean capital. With their maroon and gold […]
Read more »Via the Carnegie Endowment, an interesting look at the role that corruption may have played in helping North Korea: “Nobody stole under Stalin,” many old-timers in the former Soviet Union like to say. Many North Koreans who remember the reign of Kim Il-sung—known as “The Great Leader,” “Sun of the Nation,” and “Generalissimo”—felt the same […]
Read more »Via the Jim Rogers tracking blog, interesting commentary by the famed investor on North Korea: Yes! I’m very excited about North Korea. If I could put all of my money into North Korea, I would. Massive changes are taking place there. I would not have invested in Kim Jong Un’s father or grandfather by any stretch […]
Read more »Via CBS News, an interesting report on North Korea’s new online shopping system: Online shopping has arrived in North Korea, though it’s as isolated from the rest of the world as the country itself, and the vast majority of North Koreans lack the technology to use it. The website Okryu, aimed primarily at smartphone users, offers […]
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