Chinese Capitalism
Not Just a Steady Diet of Foreign Currency: Explaining the Price of Rice in North Korea
Christopher Green is Manager of International Affairs for Daily NK and writer of Destination Pyongyang, based in Seoul. Not Just a Steady Diet of Foreign Currency: Explaining the Price of Rice in North Korea by Chris Green Until very recently, the price of rice in North Korea’s markets (“jangmadang”) had been trending upward, and this had been […]
Generational Change in China and North Korea
Generational Change in China and North Korea by Scott Bruce 2012 is a year of political transition in North-East Asia. Russia and Taiwan have both had recent elections, South Korea will have both a parliamentary and a presidential election this year, in April and December respectively, and the political environment in Japan remains fluid. With […]
Strategy for the Successful Development of the North Korean Minerals Sector
The DPRK is quite literally sitting on a goldmine, and is endowed with considerable mineral resources. The successful exploitation of this mineral wealth has not yet been realized, but a number of international firms–including Chinese and South Korean–are actively courting the North Korean government. Alan Ferrie, an international economics analyst based in Puget Sound, Washington, […]
North Korean Elites: Implications for Commercial Activities with China
At an early point in his sprawling 2100+ page memoir With the Century, Kim Il Sung initiates a line of discussion of which we are sure to see more in the coming years: praise for patriotic Korean capitalist-nationalist-revolutionaries. Recollecting his youth in Pyongyang (“a city of shacks, made of cardboard boxes and four-by-fours”), Kim turns […]
Evaluation of the Development Plan for Hwanggumpyong Island and Wihwa Island
It would now be hard to find a single serious analyst who believes that Chinese aid is not central to keeping the DPRK afloat. But despite the huge influx of Chinese capital into North Korea, many Chinese investors continue to harbor serious doubts about the reliability of investments in North Korea. In this essay, Alan […]
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