DPRK Business Monthly: November 2016

Published: November 2016

This regular publication looks at current international, domestic, and peninsular affairs concerning North Korea while also offering commentary and tourism information on the country.

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This regular publication looks at current international, domestic, and peninsular affairs concerning North Korea while also offering commentary and tourism information on the country.

In international news, the global community has begun providing support for North Korean flood victims after Typhoon Lionrock slammed into North Hamgyong Province in early September, leaving nearly 70,000 North Koreans homeless.  Russia, China, and the United Nations have all responded with pledges of food, money, and diesel oil to provide much needed support to the affected communities.

In Inter-Korea news, Yonhap has reported that trade between the two Koreas reached an all-time high in 2015, despite strained relations over the planned deployment of the advanced US missile defense system (THAAD) in South Korea.

On the domestic front, shipping firms in Sinuiju in North Pyongan Province are said to be earning foreign currency through business contracts with private Chinese construction companies who have been purchasing coal and sand from North Korea.  With regards to technology, North Korea has seen a rise in the popularity of electric bicycles being imported from China, suggesting an increase in the average income of North Koreas people.

To read further about these topics and much more, please download the complimentary DPRK Business Monthly PDF.


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