Is North Korea getting richer?
About this episode
This episode discusses the surprising economic performance of North Korea amidst its growing partnership with Russia.
North Korea and Russia are about to open their first road bridge connection, deepening a partnership that has rapidly expanded since Moscow's invasion of Ukraine. The growing relationship is helping fuel one of the most surprising stories in Asia today: North Korea's economy appears to be performing far better than many expected. New housing projects are transforming Pyongyang, consumer activity has picked up and Russia has emerged as a major new source of revenue for Kim Jong Un's regime. Also, North Korea's use of cryptocurrency theft is growing while sanctions are being bypassed. But how much of this is a genuine economic transformation, and how much is a carefully managed showcase? And are ordinary North Koreans outside the capital seeing any benefits from the influx of new money? In this episode of Asia Specific, host Mariko Oi speaks with BBC Seoul correspondent Jake Kwon and Wall Street Journal reporter Dasl Yoon about what has changed inside North Korea since the pandemic, the rise of Pyongyang's new wealth, how business really operates inside one of the world's most secretive economies, and whether closer ties with Russia are reshaping North Korea's future. Asia Specific…
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