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North Korea Food Crisis News. Service for global professionals. Constantly updated news and information about North Korea.
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Latest North Korea Food Crisis News

  • Analysis: What's in Kim Jong Il's wallet? 6 Dec 2009 14:17 GMT
    ... This week's North Korean currency revaluation is aimed at restoring the ... cell phone and otherwise with people inside North Korea. The two moves combined show that the ... approval to previously illegal private markets the North Koreans had embraced of necessity during a 1990s ...

  • Panic buying 5 Dec 2009 08:18 GMT
    ... announcement one US dollar was worth 135 North Korea won at official exchange rates. That means ... wiping out people's savings. Park Sang-hak, a North Korean defector now living in the South, said: ... markets have become increasingly important to ordinary North Koreans, with a wide range of goods on ...

  • N.Korea revamped currency to weaken free markets: report 4 Dec 2009 18:35 GMT
    ... SEOUL (AFP) - North Korea's shock currency revaluation is aimed at weakening ... the socialist system, a senior official with Pyongyang's central bank was Friday quoted as saying. ... South Korea's Chosun Ilbo newspaper has said North Koreans are publicly voicing their anger despite the ...

  • North Korea re-denominated currency to weaken free markets: report 4 Dec 2009 14:02 GMT
    ... North Korea re-denominated currency to weaken free markets: report SEOUL, ... the socialist system, a senior official with Pyongyang's central bank was Friday quoted as saying. ... South Korea's Chosun Ilbo newspaper has said North Koreans are publicly voicing their anger despite the ...

  • N.Korea bullish on economy amid cash reform panic 4 Dec 2009 07:51 GMT
    ... hailed efforts to build a strong socialist economy but ... regime's grip. Observers and media reports say Pyongyang has tightened security against possible agitation, with ... . These sprang up after the national food distribution system collapsed during the famine years ...

  • Keep Bosworth Out Of Pyongyang 4 Dec 2009 06:19 GMT
    ... not participate in bilateral discussions with the North Koreans except in the context of the six-party ... for sending the senior envoy to the North Korean capital. Bader said at the Brookings Institution ... the Bosworth meeting was the denuclearization of North Korea, and the North Koreans reaffirmed their September ...

  • Top 100 Global Thinkers- Two Ghanaians named 4 Dec 2009 05:10 GMT
    ... "Africa is the only region where overall food security and livelihoods are deteriorating," he declared in ... attention to more lucrative resource wealth while starving a generation of African farmers. As well ... Hold the next one in Iran, Libya, North Korea, Venezuela, or Zimbabwe. Worst idea: The gift ...

  • North Korea military on guard against unrest: reports 4 Dec 2009 02:53 GMT
    ... December 4, 2009 10:01 am TWN, AFP North Korea military on guard against unrest: reports SEOUL ... South Korea's Yonhap news agency said, citing North Korean merchants in China. Reports said authorities initially ... regime's control. “This move is part of Pyongyang's broader effort to curtail the rise of ...

  • Opening doors on trade with the wider world 4 Dec 2009 00:55 GMT
    ... NORTH Korea's surprise move to revalue its currency may, ... world, heralded by the first visit to Pyongyang next week of an envoy of US ... for the government's shortcomings in getting goods, food in particular, to its 23 million people. ...

  • Currency chaos 3 Dec 2009 23:14 GMT
    ... North Korea has pulled another extraordinary stunt, this time ... the sudden revaluation move. A majority of North Koreans have been making their living from unauthorized ... last decade after food distribution stopped. The North Korean authorities nevertheless enforced revaluation as a means ...

  • UN: Use Upcoming Rights Review to Press North Korea 3 Dec 2009 20:57 GMT
    ... While North Korea has rejected UN resolutions against it, calling them ... and the rights of children and workers. Pyongyang has been participating in the review process ... out of the country, and stop punishing North Koreans who are forced to return after they ...

  • Economic 'Reform' in North Korea: Nuking the Won 3 Dec 2009 17:12 GMT
    ... North Korean leader Kim Jong Il and his cohorts ... existing paper currency, the won, and gave North Koreans less than a week to exchange all ... Institute of International Economics. However, this being North Korea, one of the most repressive and impoverished ...

  • North Korea takes on traders and, just maybe, reform 3 Dec 2009 12:44 GMT
    ... BEIJING/SEOUL (Reuters) - North Korea's surprise attack on its traders' wallets probably ... several times a year, adding that most North Koreans who do large volumes of trade with ... in U.S. dollars or euros, not the North Korean won. ...

  • Economic 'Reform' in North Korea: Making the Poor Poorer 3 Dec 2009 11:52 GMT
    ... North Korean leader Kim Jong Il and his cohorts ... existing paper currency, the won, and gave North Koreans less than a week to exchange all ... Institute of International Economics. However, this being North Korea, one of the most repressive and impoverished ...

  • Activists: Panic, despair in NKorea as citizens are ordered to trade in bills for new currency 3 Dec 2009 10:56 GMT
    ... for new currency SEOUL, South Korea - North Korean authorities threatened "merciless punishment" for defiance of ... merchants left with piles of worthless bills. North Korea informed citizens and foreign embassies Monday that ... South Korea, posing a threat to leader Kim Jong Il's totalitarian rule, analysts said. The country's largest ...


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