DPRK Business Monthly: November 2017

Published: November 2017

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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  • No. of Pages: 16 pages

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, Russia has stated its willingness to cooperate with South Korea to achieve a peaceful resolution regarding the regional issues with North Korea. At the same time, Russia is questioning the effectiveness of the international sanctions against the DPRK and is calling for the joint military exercises between the ROK and the US to be suspended in exchange for the DPRK halting its nuclear and missile tests. In other news, Australia has stopped offering humanitarian aid to North Korea, citing monitoring problems. This has decreased the number of countries giving aid to the DPRK from seven to four, in comparison to last year. 

In inter-Korean news, both Koreas will participate in the third edition of an international under-15 football tournament, known as the “Ari Sports Cup”, in Kunming, China, in mid-December. This is in an attempt to encourage inter-Korean exchanges despite current military tensions.

On the domestic front, the government of South Korea has announced that it will increase compensation for the hundreds of domestic companies who have experienced huge losses from the suspended inter-Korean projects at the Kaesong Industrial Complex. The government plans to offer 66 billion won (US $59 million) in addition to the 517.3 billion won it has already been donating. Nevertheless, according to an association of local firms, the acclaimed damages have incurred more than 1.5 trillion won.


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