North Korea’s Pegged Won Wiggles, But Doesn’t Break, Yet
North Korea’s won slipped against the dollar in recent weeks, bringing into question whether Pyongyang is running out of hard currency amid sanctions.
Provoking the Market: Investors More Worried about Washington’s Response than Pyongyang’s Provocations
Analysts have attributed recent market downturns to North Korean provocations, but investors seem to be reacting more negatively to responses from the Trump administration.
Pyongyang’s Deficit Soars: Won Steady But for How Long?
ICBMs are not the only things soaring in North Korean skies. Comprehensive second quarter data released by China Customs last week shows a huge jump in North Korea’s trade deficit with China.
Not Worth a Dime? Korea Should Stop Producing 10 Won Coins
Late last year, the Bank of Korea (BoK), South Korea’s central bank, announced its plans for a “Cashless Society,” which first and foremost means getting rid of coins by 2020. But while the BoK has reduced its annual expenditure on coin production by 200 million won from 2015 to 2016, it could do more.