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While international sanctions and its own lack of resources have hindered the development of the hermit kingdom’s energy and resource sector, it can expect plenty of help from its friends should the barriers to extraction be removed.
North Korea-China Trade Starting this Month? One Report Says Yes.
North Korea had shut down its borders over fear about the coronavirus, but the move has proved devastating for the heavily-sanctioned North Korean economy.
The coronavirus pandemic has meant that North Korea has become even more closed off from the rest of the world than it traditionally has been, with the Kim regime taking all sorts of measures to keep up what it claims is its record of having zero positive coronavirus cases. This has also included a huge crackdown on the various smuggling trades that have taken place over the border between North Korea and China.
MOSCOW (Sputnik) - North Korean leader Kim Jong-un blasted the cabinet over the disastrous state of the economy, blaming the ministers for lacklustre drafting of the.
Kim Jong Un fires top economic affairs official, one month after appointing him
Kim Jong Un replaced the top economic affairs director just one month after appointing him in the post after the party plenary committee meeting
Kim Jong Un Memes Flood Social Media
North Korean leader Kim Jong Un fired the director of Economic Affairs Council, within a month after his appointment, citing failure to come up with a solution to salvage the country s battered economy amid sanctions and pandemic closure.
He accused the top aides for drafting plans with no big changes from previous ones which had failed tremendously on almost every sector. He blamed his economy chief Kim Tu Il and replaced him immediately with O Su Yong, a longtime economic policymaker who had served in the past as a vice premier, reports state-owned KCNA.