Archive

12.06.2018 - 14:03 [ Bloomberg ]

These Maps Show How to Unlock North Korea’s Economy

(3.6.2018) That would pave the way to tap the North’s vast mineral reserves, which could be worth $6 trillion, according to a 2013 estimate by the North Korea Resources Institute in Seoul. It’s also home to what might be the world’s single-biggest rare earth deposit, a crucial element for electronic car engines and many high-tech gadgets the South is so good at churning out.

11.06.2018 - 13:17 [ Economic Times ]

Peaceful North Korea can expand India’s Act East markets: Observers

„India has stepped up its focus on East Asia as well as ASEAN and any addition of an emerging market like North Korea will be most beneficial for the country’s expanding export-oriented industries,“ said a trade source.

India’s Act East Policy, that was introduced by the Modi government, focusses on the extended neighbourhood in the Asia-Pacific region.

31.05.2018 - 19:03 [ Yonhap ]

Moon voices need to support inter-Korean cooperation following denuclearization

He especially called for efforts to make sure the benefits of growth are broadly shared.

„Still, there are many areas where we came too short to say the people’s lives are improving,“ Moon said, noting the average income of households in the lower 20 percent bracket has in fact decreased despite the 3.7 percent increase in the average income of all households in the first quarter.

18.05.2018 - 11:45 [ GlobalTimes.cn ]

China supports India’s economic overture toward NK’s reform, opening-up

The Indian Minister of State for External Affairs Gen VK Singh made a surprise trip to North Korea earlier this week as India sought to revive its ties with the isolated country. The visit sent a good signal for the Asian economy.

Singh was the first Indian minister received by the North Korean government in the country in nearly two decades, which added to evidence that Pyongyang will be willing to seek better ties with the international community.

05.05.2018 - 13:35 [ Global Times ]

Real estate prices rise at China-North Korea border city

On the website of real estate agency jiwu.com, an article outlined a popular rumor that as North Korea reforms its economy Dandong might turn into another Shenzhen, the Chinese mainland boom city near Hong Kong. The article encouraged people to buy property while prices are low.

The volume of property deals is also reportedly increasing.

22.04.2018 - 09:49 [ Yonhap ]

North Korean leader shifts policy focus to economy

The measures could mark Kim’s strategic course correction after incremental global sanctions have crippled his country’s economy, eroded public support and loyalty from the elites, and fueled diplomatic friction with China, its key economic patron.

The announcement came ahead of Kim’s summits with South Korean President Moon Jae-in on April 27 and United States President Donald Trump in May or early June.