institut: Korean Development Institute
Résumé: North Korea's response to the recently announced ‘Bold Initiative’ from the Yoon administration was far from positive. The North Korean Economic Research Forum in August discussed what lies behind the reaction and suggested a policy direction to change their attitude, while projecting the impact of the continued inter-Korean tensions on the Korean Peninsula. ‘Trends and Analysis’ features a study into the key issues of the US-China tensions over Taiwan. With the US-China rivalry escalating in various fields, not only politics and economy but also military, Taiwan is now a region of growing ...
Publié: 2022-08-31
Accéder au siteinstitut: Korean Development Institute
Résumé: As the US-China conflict is escalating, North Korean issues are becoming more of an international matter related to US-China rivalry for global hegemony. Nuclear and political issues are most highlighted and little attention to the North Korean economy, which has been rapidly devastated by international sanctions and COVID-19. Access to relevant information and data becomes more difficult too, The North Korean Economic Research Forum for July discussed ongoing changes in North Korea research environment, implications, and future directions with experts attending from national research insti...
Publié: 2022-07-29
Accéder au siteinstitut: Korean Development Institute
Publié: 2022-06-30
Accéder au siteinstitut: Korean Development Institute
Résumé: The global economy becomes increasingly unstable due to the continued US-China conflict, COVID-19 crisis, and accelerating disruptions in global supply chains resulting from the Russia-Ukraine war. On the Korean peninsula, North Korea's recent nuclear test (possibility) combined with the COVID-19 spread, makes it difficult for anyone to predict in what direction economic and security interests of neighboring countries will develop. The North Korean Economic Research Forum in May discussed the changing international landscape and the future of the Korean economy. 'Trends and Analysis' featu...
Publié: 2022-05-31
Accéder au siteinstitut: Korean Development Institute
Résumé: The April issue looks into North Korea’s fiscal status and relevant issues. Based on its official annual data on national budget, revenue and expenditure plans, the article estimates a long-term fiscal projection of North Korea. As its fiscal situation has gotten worse for two years in a row, there may be certain changes to the short-term policy responses (aimed at stimulating economic development) and mid- to long-term growth strategies (select and concentrate). Considering that general economic agents are most likely to shoulder the burden of the regime’s fiscal function, monitoring how t...
Publié: 2022-04-29
Accéder au siteinstitut: Korean Development Institute
Résumé: After the Russian invasion of Ukraine, the possibility of China seizing control of Taiwan is being taken seriously and North Korea tested long-range missiles, drawing attention to the rapidly changing political, diplomatic and military situation in Asia. Accordingly, the KDI Office of North Korean Economic Studies hold a special interview with Sang Hyun Lee, President of the Sejong Institute. He diagnosed today’s world order in Northeast Asia in a completely fragmented international environment, and discussed likely changes surrounding the peninsula. He then suggested North Korea policy tas...
Publié: 2022-03-31
Accéder au siteinstitut: Korean Development Institute
Résumé: In 2022, North Korea continues to strain tensions on the peninsula, and as seen from the intensifying US-China conflict and the recent crisis in Ukraine, the geopolitical situation surrounding the two Koreas has become increasingly complicated. The North Korean Economic Research Forum projected the future course of inter-Korean relations in 2022 and discussed essential aspects that the next Korean government should pay attention to. ‘Trends and Analysis’ analyzed the future direction of inter-Korean relations in 2022 with its focus on the changes in US-North Korea relations arising from str...
Publié: 2022-02-28
Accéder au siteinstitut: Korean Development Institute
Résumé: Several observations of the North Korean economy in 2021 are compiled and used to provide macroeconomic projections for the coming years. Amid the continued economic downturn, the economy appears to pursue ‘stabilization through retrenchment,’ but the prospect of an economic recovery is not good unless international sanctions and border closures are resolved. Based on the analysis of North Korea’s exports and imports data and total trade balance, the article examines the characteristics of North Korea's foreign trade trends in 2021 hit by the COVID-19 crisis. In particular, it included Nort...
Publié: 2022-02-10
Accéder au siteinstitut: Korean Development Institute
Résumé: North Korea started with obvious advantages such as abundant natural resources and industrial infrastructures, but failed to maintain economic self-reliance that it had in its inception. 'Trends and Analysis' compares the two Korea regarding the structural changes in economy, trade, and logistics and shows that the North Korean economy is inland-oriented and China-dependent. It emphasizes that for a sustainable future of the Korean peninsula amid the rapidly changing international situation, there should be a new logistics system that enables economic growth in North Korea and a sustainable...
Publié: 2021-12-30
Accéder au siteinstitut: Korean Development Institute
Résumé: North Korea's price and exchange rate stability, economic recovery and development, etc. were somewhat owed to the dollarization in its domestic market. However, amid the unprecedented situation of border closures due to the COVID-19 crisis in 2020 coupled with the long-standing sanctions on North Korea since 2016, the North Korean authority is allegedly known to take an action to ban the use of dollars, giving a rise to a ‘reverse dollarization.’ The North Korean Economic Research Forum discussed on the causes and current state of this phenomenon. Participants saw that the authority is usi...
Publié: 2021-11-30
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