Counterfeiting: The Other Way North Korea Finances Its Regime
Even though counterfeiting can bring hard currency to the isolated regime, the mass manufacturing of fake notes sponsored by a state is extremely unusual and risky.
Even though counterfeiting can bring hard currency to the isolated regime, the mass manufacturing of fake notes sponsored by a state is extremely unusual and risky.
Second quarter trade data recently released by China, and April and May data released by other major trading countries, suggest the March 2 UN sanctions are having little impact so far on North Korea’s economy although they may be making Pyongyang even more dependent on China.
Have the Chinese implemented, either wholly or partially, the sanctions outlined in UNSCR 2270? There are many metrics and litmus tests by which we can attempt to find an answer.
Last week, we looked at the Republican Party platform. This week, the Democratic Party is meeting to nominate its candidate for president and vice president.
There has been much discussion in recent weeks regarding the policy implications of the respective party platforms, but both party platforms contain significant sections on foreign policy, defense, and international trade.
On June 16, Uganda officially kicked North Korea to the curb, asking approximately 60 DPRK troops and state security officials to leave the country. This move may be yet another sign that South Korean President Park Geun-Hye’s so-called Summit Diplomacy is working.
Reports of visible improvements in Pyongyang (but much less in the countryside), nuclear and missile testing, cyber-attacks, and Kim Jong-un’s public appearances have dominated recent media coverage and have caused memories of North Korea’s agricultural problems to fade. Now, however, hunger in North Korea may be reemerging as a concern.
What are the practical implications of the U.S. Treasury Department designating North Korea a primary money laundering concern?
With the Democratic and Republican presumptive nominees now identified, here is our comprehensive list of what the two candidates have said about the Korean peninsula since the beginning of the race.
Will last week’s action by the U.S. Treasury Department to designate North Korea as a primary money laundering concern join the list of failures of unilateral sanctions?