Category Archive: Economy

Jan 13

North Korean Open: DPRK’s golf tournament for foreigners

DPRK_golf

Can you shoot a 90 or under? Got a thousand Euros lying around and enough air miles to get you to China? The website for the North Korean Open, DPRK’s first golf tournament open to foreigners, tells it all:

Pyongyang Golf complex is North Korea’s only Golf course. It is located on the banks of Taicheng Lake, 27km from Pyongyang City.The 18 hole par 72 course covers 120 hectares with 45 hectares of green and is 7km long. The Course Can Service Up To 100 Competitors At A Time And Includes A Service Area Covering 2700 Square Metres, Including Shops, Restaurants, Conference Rooms And Sauna. There Are Also Angling Or Boating Facilities To Use During Breaks From Golfing. It Is Claimed That When Kim Jong Il Opened The Course In 1991, He Shot A World Record 38 Under Par On His First Ever Round Of Golf (Including 11 Hole In Ones!)

UK based Lupine Travel is in charge of the arrangements, and the cost covers all accommodations, meals and the train from China into the Stalinist country.

UPDATE: @nknewsorg points out that this is NOT the first golf tournament open to foreigners as originally reported by The Chosun Ilbo. The “Pyongyang Golf Company” has been offering this for some time now.

Source: North Korean Open

Permanent link to this article: http://www.openingupnorthkorea.com/archives/749

Jan 13

North Korea boasts leads world with 99.9% 3G adoption rate

North Korea Tech, which has quickly become one of my favourite blogs regarding the DPRK, reports that North Korea is leading the world in wireless 3G cellular network adoption. Q3 results from Egypt based provider Orascom reports that Koryolink, the state run cellular company boasted over 300,000 subscribers, 99.9% of whom are on the 3G network. Cellular service is relatively new to North Korea, which obviously explains the high adoption rate, however in 2004 a 2G network existed mostly for the wealthy elite. Even the 2G network was restricted and new subscriptions were disallowed, after the Ryongchon train explosion which was rumoured to have been a case of domestic terrorism possibly organized or detonated utilizing mobile phone technology.

Source: North Korea Tech

Permanent link to this article: http://www.openingupnorthkorea.com/archives/746

Jan 13

Analysis: Escalated provocations from North Korea in 2011

Famed North Korea analyst Andrei Lankov has an interesting analysis of the events that unfolded on the Korean peninsula in 2010, and what this may lead to in the new year. In a nutshell: in response to a more hard line stance from the US and South Korea, North Korea has spent the last 3 years manufacturing hostility on the Korea peninsula. A ramped up nuclear programme complete with detonation tests, the sinking of the Cheonan in March 2010 and the artillery shelling of Yeonpyeong Island this past November are all major events aimed at getting the US/SK to warm up to a return to diplomatic discussions. These talks historically result in the North receiving food and construction supplies from their enemies – their primary survival strategy.

However, this strategy didn’t work this time. The US is still not willing to negotiate, and the South has demonstrated that they can enact elaborate military exercises without reprisal from the DPRK (despite countless threats of war if they proceeded). As war would likely quickly devastate either side, North Korea has backed down from its threats, perhaps to execute a counter-offensive at a time of its own choosing. Relations with China remain stable, but aid from their only real ally may not be enough to boost the economy enough to bolster support for future president Kim Jong-Un. 2011 may be the year North Korea really pushes the envelope; a potential third nuclear test fire, development of intercontinental ballistic missiles, and border skirmishes are all possibilities to increase the stakes in a calculated (and perhaps desperate) attempt to get everyone back around the negotiation table.

Source: Asia Times Online

Permanent link to this article: http://www.openingupnorthkorea.com/archives/745

Jan 04

What’s cool these days in North Korea? Crystal meth.

File:Chongjin-center-2.jpg

An inside source close to The DailyNK reports on the recent popularity of methamphetamines amongst North Korean youths with privileged backgrounds. The source claims that to address the issue, authorities have formed special inspection teams but the issue is to widespread to eradicate. An anecdote from Chongjin in North-eastern North Korea:

“An inspection unit composed of Party and judicial officials made a surprise visit to Namkang Women’s Senior Middle School in the Pohang district of Chongjin, just in front of the statue of Kim Il Sung. There, they inspected the bags of female students in one senior class (17-18 years), and found the tools for sniffing meth in more than 50% of them.”

“Tools” for sniffing crystal meth apparently consist of rolled up paper bills, which of course are adorned with the portrait of Kim Il-Sung and thus regarded as extremely disrespectful to the Great Leader. An increase in prostitution is also linked to the high usage of the drug, which has highly addictive tendencies and can be difficult to pay for with money. Often the drug is given away for birthday gifts as well. And as its is mostly the children of the elite who are addicted to the drug, it can be difficult to eliminate the problem since the government corruption runs high.

Source: DailyNK

Permanent link to this article: http://www.openingupnorthkorea.com/archives/739

Jan 04

South Korea’s reunification tax revisited

A new step forward has been taken regarding South Korean president Lee Myung-Bak’s proposal for a reunification tax. Lawmakers on the Grand National Party and opposition sides tabled a draft bill to help save money and alleviate future pressure in the event that reunification occurs between the divided Koreas. The purpose of the money would help buffer high expenses attributed to a regime collapse in Pyongyang. The taxes collected would be used to enhance the livelihoods of North Korean citizens, help fortify crumbling infrastructure, and otherwise get North Korea up to speed with its advanced Southern neighbour.

The bill calls for a 2% increase on income tax, a 0.5% increase on corporate taxes, and 5% on inheritance and donation taxes. 1% of the taxes collected would be used to manage the body tasked with collecting and managing the tax. The potential costs for a Korea unification could number in the trillions of US dollars, so in this blogger’s opinion, there is no time like the present to start banking coin to deal with the looming crisis.

Source: Korea JoongAng Daily

Permanent link to this article: http://www.openingupnorthkorea.com/archives/738

Dec 31

North Korean shipping vessel sinks in Yellow Sea

kongbong

A North Korean cargo ship with 20 crewmembers sank today, with 2 sailors confirmed dead, 15 missing and 3 rescued. The ship, called Kang Bong, sank in gale force winds just 120 nautical miles east of Lianyungang Port, China. A Chinese rescue ship is inbound, as well as two helicopters, but the intense winds make rescue operations difficult.

Source: XinhuaNet

Permanent link to this article: http://www.openingupnorthkorea.com/archives/737

Nov 26

Yeonpyeong assault aftermath and news roundup

yeonpyeong_destruction

The dust has settled and the world can view the sudden assault on South Korea’s Yeonpyeong Island from North Korea with clearer eyes. The final casualty toll of the attacks are 2 soldiers and 2 construction workers dead, and at least 18 injured. Most of the 1200 civilians living on the island, of whom fishing is their primary trade, have been evacuated by the government.

While tensions remain high, and the South Korean military on high alert, it seems unlikely that North Korea will attempt another such attack anytime soon. Despite belligerent announcements from the state that the peninsula is on the brink of an all-out war, the artillery assault on the island seems little more than a move to bolster support for fledgling leader-to-be Kim Jong-Un, and as justification for the military-above-all-else policies of the KWP.

Reactions from South Koreans have been mixed. Many are critical of the government’s response and demanding fierce retaliation. Others fear an escalation of tensions may lead to all out war between the Koreas. South Korea’s won has fallen sharply since the attack over fears from foreign investment that a war may be looming. The government appears to be dancing around the issue in order to maintain economic stability. South Korea is presently the 14th largest economy in the world. The South Korean government has cancelled all planned food, medical and construction aid to the North.

North Korea has responded to the attacks blaming South Korean military exercises for “provoking” them. The South responded immediately to the attacks with their own volley of artillery fire, but state media is not reporting on the extent of damages, though it is believed to largely outnumber the damage done to Yeonpyeong. Most foreign countries have condemned the North Korean attack, especially South Korea’s strongest ally, the US. The Obama administration has once again pledged to protect and defend South Korea if all-out war should break out. China, as usual, has remained more-or-less mum on the issue, choosing only to protest the planned war exercises between US and South Korean militaries.

B.R. Myers, esteemed author of The Cleanest Race and holding a PhD in North Korean literature, spoke to NPR regarding the recent attack. He points out that this is the first time since the Korean War cease-fire that the North has fired upon a civilian population with artillery shells. He notes that although this is probably the most serious incident between the Koreas since the 1950-1953 war, South Korean civilian reaction is fairly tame. They have grown up to be accustomed to these sorts of provocations, so for many it is business as usual. Russia has condemned the attacks as well and has called for calm on the peninsula.

soyasaucetour

More artillery fire has been heard on the Northern side, possibly due to training and targeting practice. Kim Jong-Il and son have allegedly visited the site where the artillery weapons were fired from (picture above is the duo touring a soya sauce factory days earlier) The US and South Korean militaries will begin military exercises on Sunday, which often leads to further saber-rattling from the North. Let’s see what the weekend has in store…

Source: Yahoo! News via AFP / KCNA / NPR / Reuters

Permanent link to this article: http://www.openingupnorthkorea.com/archives/668

Nov 17

A joint SK/NK bid for the 2022 FIFA World Cup?

According to the DailyNK: South Korea, who previously hosted the FIFA World Cup in 2002, is bidding to host the 2022 games. The South has modern facility, world class telecommunications infrastructure, terrific transit systems, so how could they lose? Well, in what appears to be a symbolic gesture towards one day reunifying the peninsula, the South has also put forth in their bid that they would like some of the games hosted in North Korea. This may put a damper on FIFA’s ranking of the country to host again, as North Korea is notoriously frustrating to deal with when it comes to joint projects between the two countries. In 1988, Seoul attempted the same tactic to host the Summer Olympics, but North Korea’s demands were deemed too unreasonable, and the North and several other communist countries joined together in a boycott of the games.

Source: DailyNK

Permanent link to this article: http://www.openingupnorthkorea.com/archives/624

Nov 12

North Korea behaves itself during G20 Summit in Seoul

Much to the relief of South Korean officials, North Korea has been quiet during the G20 economic meetings this week in Seoul. One unconfirmed report warns that North Korea has been planning to attach chemical weapons to balloons and parachutes across the border, however I have only seen this reported in UK press and there is no official word at present to back this story up.

US President Barack Obama solidified America’s stance on protecting the South from an attack on the North, and advised the hermit state that it would risk further isolation if it continued on its path of nuclear proliferation. Obama reiterated the South Korean stance that opening up North Korea’s economy and dismantling its nuclear programme would go a long way towards relations with the international community. In a Memorial Day speech, Obama also honoured the 37 000 American troops killed or MIA in the 1950-53 Korean War.

Source: The Independent

Permanent link to this article: http://www.openingupnorthkorea.com/archives/612

Nov 12

Kim Jong-Un allowing North Koreans to visit relatives in China

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DailyNK is reporting that North Korea, under the suggestion of Kim Jong-Un, has begun to allow its citizens to visit families in China. The move is heavily being hammed up the propaganda machine to bolster support for the heir apparent. Visits to South Korean families, or the import/export of South Korean goods via China are strictly forbidden, and Chinese authorities are contacted to confirmed that the North Korean tourist has family in the country. It seems the process for applying to visit China has also been made more efficient; previous attempts would take 3 to 6 months and required bribery to keep the wheels greased – the new process allegedly takes only 15-20 days.

Source: DailyNK

Permanent link to this article: http://www.openingupnorthkorea.com/archives/611

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