How the North Korean Government Is Squeezing Foreign Currency Out of Its People – The Diplomat

Advertisement In recent years, the North Korean government has intensified efforts to collect foreign currency held by its citizens. This situation not only reflects North Korea’s lack of foreign currency, but also highlights the country’s poor performing domestic currency (the Korean People’s Won, or KPW) and, more broadly, signals that the country’s economy is in […]

Kim Jong Un claims ‘victory’ over COVID, blames South Korea | Coronavirus pandemic News

North Korean leader lifts pandemic restrictions as senior official says death toll of 74 an ‘unprecedented miracle’ in world health. North Korean leader Kim Jong Un has declared “victory” in his country’s battle against COVID-19 and ordered pandemic restrictions, imposed in May, to be lifted. Presiding over a meeting with health workers and scientists, Kim […]

North Korea suspected of conducting artillery fire drills: Seoul | Politics News

North Korea appears to have conducted artillery firing drills, South Korea says, days after the US deployed fighter jets to Seoul for joint training. North Korea appears to have conducted artillery firing drills, South Korea has said, days after the United States deployed sophisticated fighter jets to South Korea for joint training. South Korea’s Joint […]

Amid Worsening Medicine Shortages, North Korea Cracks Down on Private Drug Sellers – The Diplomat

In this photo provided by the North Korean government, North Korean leader Kim Jong Un, center, visits a pharmacy in Pyongyang, North Korea on May 15, 2022. Credit: Korean Central News Agency/Korea News Service via AP, File Advertisement North Korean authorities are cracking down hard on private sales of medications as shortages of medicine in […]

North Korea fires three missiles as Biden ends Asia visit | Weapons News

South Korea says the launches began early on Wednesday morning. North Korea has fired three ballistic missiles off its east coast, South Korea’s military said, hours after United States President Joe Biden wrapped up his visit to the region. South Korea’s Joint Chiefs of Staff said the first missile was launched at 6am local time […]

Kim Jong Un warns of ‘great turmoil’; 21 new ‘fever’ deaths | Coronavirus pandemic News

Limited testing capabilities suggest the numbers released are likely to represent only a tiny fraction of total cases. North Korea on Saturday reported 21 deaths and tens of thousands more people with fever symptoms as leader Kim Jong Un said the outbreak of COVID-19 had put the country in “great turmoil”. The isolated nation made […]

North Korea’s Crypto Operations Are Supporting Its Nuclear Program – The Diplomat

Flashpoints | Economy | East Asia North Korea sees cryptocurrency as a lifeline amid pandemic-induced devastation to its regular economy. Advertisement North Korea’s economic output consists mainly of manufacturing, construction, agriculture, and a thriving black market. The economy has not significantly changed in the past few decades – except for North Korea’s growing cryptocurrency operations, which have substantially lifted […]

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