A Look At The North Korean Economy

Kim Jong Un cuts a ribbon to launch the town of Samjiyon, a signature project completed despite biting sanctions [KCNA via Reuters]

38 North: The North Korean Economy, November 2019: Kim Jong Un’s Kumgang Statement Signals a Shift in Economic Gears

Introduction

On Wednesday, October 23, Kim Jong Un visited the Mt. Kumgang Tourist Region in the southern part of the country, which was started and formerly operated in cooperation with South Korea’s Hyundai Asan conglomerate. His comments during the visit put another nail in the coffin of traditional forms of North-South economic cooperation. It also illustrated North Korea’s growing confidence that it can promote economic growth without direct involvement from South Korea, through systemic economic change and self-sufficiency in managing its tourism industry.

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WNU Editor: Apparently sanctions are not working .... Report: North Korea economy developing dramatically despite sanctions (UPI).

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