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In October 2006, Kim Jong-il’s North Korea again seized international attention. With its claimed underground nuclear test, Pyongyang upped the ante in its confrontation with the United States and the…
When Kim Jong-il died in 2011, the world held its breath as North Korea entered uncharted waters. No other communist dictatorship in the last century – for that matter no…
The North Korean economy is changing – we know this because of widely reported growth of private markets since the famine of 1990s. But black markets and illicit activities are…
North Korea’s ambassador to the United Nations Kim Song demanded that the United States release a North Korean vessel that is currently held by authorities in American Samoa, warning that…
It’s been nearly one year since the Singapore Summit between President Trump and Kim Jong-un and the two countries are at an impasse. North Korea signals no intention of giving…
This briefing comes from Korea View, a weekly newsletter published by the Korea Economic Institute. Korea View aims to cover developments that reveal trends on the Korean Peninsula but receive little attention in the United States. If you would like to sign up, please find the online form here. U.S. restriction on Huawei could be a boon to Korea’s…
This briefing comes from Korea View, a weekly newsletter published by the Korea Economic Institute. Korea View aims to cover developments that reveal trends on the Korean Peninsula but receive little attention in the United States. If you would like to sign up, please find the online form here What Happened KEPCO reported its worst quarterly operating loss since…
By William Brown Many Asia specialists in Washington and elsewhere continue to think UN sanctions against North Korea are slipping and that without new resolutions or U.S. executive actions it is only a matter of time before economic pressure on the regime will ease up. This may be true and there is evidence of North…
By Steven Lim Last October, a government audit revealed widespread accounting fraud and budget misappropriation among private kindergartens (PKs). In response, the government announced it would require PKs to use Edufine, a state-run accounting system. The National Assembly also proposed three bills to improve accountability in the industry. These efforts were meant to rehabilitate the…
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