North Korea’s Shadow IT Industry
January 2nd, 2023
Via The Diplomat, an article on how North Korea earns foreign currency through a shadow IT industry: The South Korean government recently announced a warning regarding North Korea IT personnel with the goal of preventing North Korea from earning foreign currency through cyberspace. North Korean IT personnel reportedly account for a growing portion of the country’s […]
Read more »Does North Korea Sit Atop Significant Oil Reserves?
January 2nd, 2023
Via 19FortyFive, a report on North Korea’s oil potential: One of North Korea’s most enduring domestic challenges has been its inability to reliably meet domestic energy demands – both in terms of electricity generation and the provision of fuel for commercial, industrial, and military vehicles. North Korea imports oil products from its neighbors – primarily […]
Read more »North Korea’s Desire for Dollars: Sign of Trouble?
December 9th, 2022
Courtesy of the New York Times, a report on North Korea’s economy and desire for dollars: When Kim Jong-un, the leader of North Korea, ascended to power more than a decade ago, he repeated two promises that his family has made since founding the country in 1948: to strengthen the military and to improve the […]
Read more »The Future of the Kaesong Industrial Complex
November 11th, 2022
Courtesy of The Diplomat, commentary on the future of the Kaesong Industrial Complex: The security situation on the Korean Peninsula is heading toward its lowest point in recent years with North Korea’s firing of dozens of ballistic missiles last week and a potential nuclear test in the coming weeks or months. Few now seem distracted by the […]
Read more »Is North Korea’s Economy In Crisis?
September 9th, 2022
Courtesy of North Korea Economy Watch, commentary on the state of North Korea’s economy: Is the North Korean economy in a crisis following years of tough sanctions and the Covid-19 border closure? In a new report, the Bank of Korea’s answer is yes. They point to factors such as vast price increases on several basic […]
Read more »North Korean Efforts To Acquire Foreign Currency
August 13th, 2022
Via The Diplomat, a look at the North Korean government’s persistent efforts to acquire foreign currency which reflects the severity of the economic crisis the country is facing: In recent years, the North Korean government has intensified efforts to collect foreign currency held by its citizens. This situation not only reflects North Korea’s lack of foreign […]
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.