Tag Archives: China

Price instability in Hyesan

Rice & Iron team has been interested in the city of Hyesan for a long time. While rice prices in this border city are often higher than those in Pyongyang and Sinuiju, Hyesan has traditionally enjoyed lower price volatility relative … Continue reading

Posted in Rice | Tagged , , , , , , , , , , , | Leave a comment

A quick look at economic conditions in the post-Kim Il Sung era

It has been 20 years since the death of Kim Il-sung and North Korea is still reeling from the consequences of his economic mishandling. However, many North Koreans appear to have fond memories of the Kim Il-sung era, perhaps because … Continue reading

Posted in Rice | Tagged , , , , , , , , , , , , , , , | Leave a comment

Is Pyongyang’s investment in steel prudent?

In April we made the claim that allocating a greater share of Pyongyang’s budget to achieve a 108.3% increase in the country’s annual steel output is unproductive. Instead of steel, we argued that increasing consumer goods production to ensure market … Continue reading

Posted in Iron | Tagged , , , , , , | Leave a comment

North Korean gold and globalization

Back in April we asked who would buy Kim Il-sung’s bling? At the time, we were certain that China was importing North Korean gold; however, we did not expect to find several high-profile American firms sourcing North Korean gold for … Continue reading

Posted in Rice | Tagged , , , , , , , , | Leave a comment

Of Fishermen and Borders

We recently published a few of articles focusing on North Korea’s struggle to control its territorial waters. From the exploitation of offshore oil deposits to the construction of the conspicuously ineffective pair of frigates, Pyongyang appears to be doubling its … Continue reading

Posted in Rice | Tagged , , , , , , , , | 1 Comment

Monetary stability and food security

Three North Korean cities are weathering the test of the lean season. According to Daily NK, rice prices in Pyongyang, Sinuiju, and Hyesan have remained below 4000 KPW/kg in the second week of May, falling slightly below what they had … Continue reading

Posted in Rice | Tagged , , , , , , , , , , , , , | Leave a comment

Looming Maritime Conflict in Korea Bay

Important corrections have been posted here, new information was brought to our attention shortly after this article was posted, and the update, not this original article, should  be read for data and conclusions.  As DPRK-Mongolian oil ties develop, the potential … Continue reading

Posted in Iron | Tagged , , , , , , , , , , , , , | 2 Comments