North Korea Looking Abroad
Unwilling to reverse course on its military program, the isolated Kim regime has begun reconsidering its foreign policy position and has made new attempts to increase trade and investment with its Asian neighbors.
Unwilling to reverse course on its military program, the isolated Kim regime has begun reconsidering its foreign policy position and has made new attempts to increase trade and investment with its Asian neighbors.
While the process of internationalizing Kaesong may be slow, production seems to be bouncing back to normal levels.
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On December 30, 2014, the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce, which regulates the exports of certain sensitive items from the United States, gave a gift to U.S. and Korean energy producers and consumers.
Changes in the global energy market provide a great opportunity to U.S. and Korea to generate mutual benefits through enhanced energy collaboration between the two countries.
According to a recent Bank of Korea (BOK) release, Korea’s household debt reached its historically highest level at the end of the third quarter in 2014.
Since reopening Kaesong last year, the German manufacturer, Groz-Beckert, is the only international firm to invest in the complex. However, a new action by North Korea may further set back the prospects of attracting additional firms.
With Republicans winning a majority in the Senate for the first time in eight years, President Obama will face a Republican Congress for his final two years in office.
As the rest of the world gets accustomed to seeing Kim Jong-un walk with a cane, we might do well to figure out what, if anything, is changing about the way that the broader North Korean state engages with the economic powerhouses that engulf its southern and northern peripheries.