North Korea Economy News

News

Kim Jong Un comes round to talks as his currency reserves shrink

As sanctions strike economic downturn in North Korea depleting its foreign currency reserves, Kim Jong Un has agreed to meet Moon Jae-in for talks

2 min read8 Mar 2018
News

Cryptocurrency may be getting quietly channelled to North Korea university: report

Cybersecurity firm AlienVault has found an application that uses host computers to mine a cryptocurrency called Monero and then sends any coins to Kim Il Sung University in Pyongyang

3 min read9 Jan 2018
Opinion

Growth isn’t necessarily good news for Kim Jong Un

Seoul National University professor Byung-Yeon Kim says America should wait for UN sanctions for North Korea to be really effective, rather than planning an attack as there is evidence that sanctions can work this time

9 min read18 Sep 2017
News

North Korea’s economy shrinks 1st time in 5 years: Seoul

The 1.1% decline was the worst performance for North Korea since a 1.2% contraction in 2007

1 min read22 Jul 2016

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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