Search Results for: "Great Confiscation"

December 4, 2009

Great Confiscation Updates

Via the Daily NK and the North Korean-affiliated Chosun Sinbo, we can now see the new North Korean currency that will replace the hard-earned savings of millions of desperate people. Guess whose face is on the bill. You’ll be amazed. More here. Personally, I think the coins look like Japanese Yen. The Daily NK reports that the situation in North Korea continues to be chaotic and relays fragmentary reports of murders, suicides, and isolated outbreaks of dissent. The circulation of...

Categories Inside NK/NK Economics
December 2, 2009

More on North Korea’s Great Confiscation

Rather than updating yesterday’s post again, I’ll just do a roundup of the reports and reactions today. So far, the reports point to widespread tension, disbelief, and shock, but little violence or unrest. It is as if the entire country has been paused, or as though a crowd that has just witnessed something horrifying is standing there, watching, too dumbstruck to take it in. For many, the means to live through this winter has been swept away in one casual,...

Categories NK Economics
October 16, 2017

On North Korea sanctions, evidence of an inflection point

As I’ve mentioned previously, this has been a busy month for me, and a difficult one for keeping up with the many developments in North Korea sanctions enforcement. Over the last months, I’ve been keeping a tally of how those efforts are taking shape. The accumulating evidence now gives reason for guarded optimism that at last, the sanctions are starting to show significant effects. Financial. Treasury Undersecretary Sigal Mandelker sent the right message to the financial industry in her recent...

Categories Sanctions
June 7, 2017

North Korean man stabs, nearly kills Ministry of State Security officer

The Daily NK is reporting another case of a North Korean citizen attacking and nearly killing an officer of the dreaded Ministry of State Security (MSS), the agency that runs most of North Korea’s political prison camps, possibly over official corruption. It has been reported that an [sic] Ministry of State Security agent working as a surveillance patrol officer at the No. 10 guard post in Hoeryong City, North Hamgyong Province, was stabbed by a knife-wielding assailant while on duty....

Categories Resistance
August 24, 2015

Korean War II: It’s (probably) over for now, but it’s not over

They came, they talked, and they solved nothing, but after a tense weekend, at least Korea is not at war. As of this writing, it looks like representatives of the two Korean governments will continue to talk and solve nothing, except to calm South Korea’s foreign investors. The North will not admit that it laid the mines that forever maimed Staff Sergeant Kim Jung-Won and Sergeant Ha Jae-Heon, the South will eventually relent on blaring propaganda to a few hundred...

Categories Korean War II
August 20, 2015

Revenge attacks demoralize North Korea’s security forces

Yesterday, Yonhap reported the possible purge of Won Tong-Yon, head of the United Front Department,* which handles North Korea’s propaganda. The report remains unconfirmed, but it would be consistent with reports that Kim Jong Un has put his 25 year-old sister, Kim Yo-Jong — known for her “eccentricity to the point of weirdness†— in charge of North Korea’s Propaganda and Agitation Department. If so, Miss Kim may have a reason to consolidate control over her own fiefdom. Won was...

Categories Kremlinology/Resistance
June 3, 2015

Markets, food, and trade: steps forward, leaps backward (Pts. 1, 2 & 3)

~   Part 1   ~ Do you still remember March, when the “May 30 measures” were the next wave of “drastic” perestroika that would change North Korea? Those measures were supposed to “give[] autonomy management of all institutions, companies, and stores,” including “control over production distribution and trade from the state to factories and businesses,” and thus awaken “the inner potential of the country.” But today, Andrei Lankov, who has been one of the most forward-leaning predictors of economic reform...

Categories Capitalism/Famine & Food Aid
January 22, 2014

Open Sources, January 22, 2014

~ 1 ~ PARK GEUN HYE, WHO HAS a (ruthlessly) capable intelligence agency to inform her, sounds quite convinced that North Korea is about to “provoke” the South, and at least publicly, some U.S. officials say they’re worried, too. President Park Geun-hye called for an “airtight” security posture against North Korea from South Korean soldiers and other officials on Saturday, viewing the North’s recent charm offensives as a possible prelude to imminent military provocations. “In India, Park ordered the (South...

Categories Anju Links
December 12, 2013

KCNA: Jang Song Thaek executed for plotting coup against Kim Jong Un (Update: Also, vaporized)

KCNA has just announced that Jang Song Thaek was executed shortly after this party meeting, after confessing to “attempting to overthrow the state by all sorts of intrigues and despicable methods.” It also released this picture of him, possibly the last of his life. Such a nice, clean suit, too. [via Yonhap] As they say around these parts, sic semper tyrannis. As I noted this morning, Jang had many victims of his own in the camps. Most of them left...

Categories Kim Jong Un/Kremlinology
November 15, 2013

Sanctions, Sanctions-Busting, and the Limits of Incrementalism (updated)

In the years since Treasury dropped the hammer on Banco Delta Asia, North Korea has adapted to make itself less vulnerable to sanctions. It has decentralized its currency flows to different banks to make it harder for Treasury to cut just one weak link. This means that achieving the same effect we achieved in 2005 will take more time today, although – and this is really just an educated guess – a determined attack on North Korea’s access to hard...

Categories Sanctions
March 15, 2013

North Korea’s cash-for-summit demands put 2010 attacks in a new light

WERE THE 2010 ATTACKS North Korea’s way of making good on extortion?  Stephan Haggard, not widely know for his hard-line views, cites an article in the Chosun Ilbo revealing that Kim Jong Il wanted a summit with Lee Myung Bak, but at a price. The sticking point was money. How much? According to the Chosun Ilbo, $500-600 million in rice and fertilizer aid, which had effectively been cut from the first of the year, and perhaps some cash too; that was...

Categories Appeasement/Cheonan Incident/North-South/Sunshine/Terrorism (NK)/Yeonpyeong Attack
March 13, 2013

Why rising rice prices probably don’t mean that China is enforcing U.N. sanctions.

Hope springs eternal.  I said recently that it wouldn’t surprise me to see China temporarily restrict trade with / aid to North Korea to mislead us into thinking that it’s really pressuring North Korea to disarm, thereby slowing the momentum here to legislate what Glyn Davies calls “national” sanctions.  This trick works so well because so many of us so desperately want to believe that China will give us an easy out.  Witness this report, via Korea Real Time, that...

Categories China & Korea
January 14, 2013

North Korea Glasnost Watch: Kim Jong Un’s Border Crackdown Is Working

The most superficial things you’ve probably heard about Kim Jong Un are the closely related ideas that he is, or must be, a latent reformer because he (a) appreciates aspects of Western culture, (b) has a fashionable wife, and (c) had a Swiss education. As examples, I’ll cite this report by Jean Lee, this and this from Joohee Cho of ABC, and this exercise in straw-grasping by John DeLury. The problem with this theory is that it isn’t supported by...

Categories Border Control/Famine & Food Aid/Refugees
July 19, 2012

A Mickey Mouse Monarchy: Thoughts on the Sacking of Ri Yong Ho (Update: A Gun Battle?)

North Korea watching is an inherently speculative hobby. How could it be otherwise when our most reliable information comes from satellite images and reports from KCNA, the world’s least credible news organization? The problem with having no solid facts to argue is that no one is really an expert, and anyone can pretend to be, present company included. Even “inside” sources are suspect; after all, much of their information is probably disinformation. That’s why you’ll see a lot divergent and...

Categories Kim Jong Un/Kremlinology
January 11, 2012

North Korea’s Economy Contracts, Despite Chinese Sanctions-Busting

The Donga Ilbo publishes a very interesting study finding that North Korea’s economy has contracted recent years, mostly due to the loss of South Korean aid and the effect of sanctions: South Korean assistance to the North surged to raise the indicator to a high of 236.9 in 2007, a huge leap from the baseline score of 100 in 1995. The communist country`s trade volume also jumped 43.4 percent due to the expansion of trade with China. The North`s economy...

Categories NK Economics
July 21, 2011

Open Sources: Daily NK prints Kim Jong Il’s shopping list

So I guess North Korea isn’t constitutionally incapable of importing food after all. The Daily NK pulled up some stats compiled by the South Korean government and Chinese customs (what, they publish those?) and broke it all down. In addition to importing $46 million worth of food last year, a whopping 4% of the total value of its imports, they bought a few other things: In comparison, around 10 million dollars were used to purchase high quality liquor, cigarettes and...

Categories Anju Links
July 19, 2011

Reunifying Korea, One Shot at at Time!

You may remember that several years ago, a liquor distributor in the United States tried to introduce North Korean soju into the U.S. market. That effort failed long before President Obama reimposed trade sanctions on North Korea, partially because of the importer’s legal troubles, but probably also because the stuff supposedly tasted awful. Apparently, North Korean consumers share that assessment, because the same brand of South Korean soju that once kept me fully occupied as a prosecutor and defense counsel...

Categories Famine & Food Aid/NK Economics/Subversion
June 25, 2011

Open Sources: U.S. and S. Korea keeping up the pressure, for now; China’s diplomacy not looking so brilliant after all

President Obama has extended sanctions against North Korea, but still hasn’t re-added it to the list of state sponsors of terrorism, despite its extensive and recent use of its state media, its spies, and its military to commit acts that meet the statutory definition of international terrorism. ______________________________________ Treasury moves to cut Kaesong out of American markets: The Executive Order and by extension the new regulations contain the troublingly vague prohibition on “the importation into the United States, directly or...

Categories Anju Links