Short-term fears of economic volatility can make people lose confidence in a currency and refuse to hold it, no matter how cheap it gets.

Kim Jong Un continues to fire ballistic missiles into the East Sea/Sea of Japan, showcasing an orderly and stable government. But this may be deceptive, aimed to fool the country’s troubled citizenry and Trump, more than it is a reality.

Financial issues plagued North Korea in 2024 with efforts to stop hyperinflation and currency debasement suddenly coming unraveled.

President Yoon Suk-yeol, like many of his peers, try to disentangle likely changes in US economic policies by the second Trump administration.

South Korea eked out a disappointing 0.1 percent gain from Q2. In contrast, the US showed a 2.8 percent growth, down slightly from 3 percent.

Difficult economic reforms are needed for North Korea to stabilize its currency.