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Economy

Economy

Foreign Currency is Now the Key to North Korea’s Survival 

Shin Yong-geon

Despite being closed off from the world, politically and economically, North Korea cannot survive without foreign currency. This, of course, applies to some degree to all countries in the international trading system. But ever since the 1994-1998 famine – which North Koreans refer to as the ‘Arduous March’ – foreign currency earning in the country has taken on a unique character. Not only has it become the key to the country’s continued survival. But the system itself that depends on it can no longer be considered normal.

Economy

North Korea Has Cash Cards?

Lee Jia

“There are cash cards in North Korea?” When I tell people that there are cash cards in North Korea, they look surprised.

In fact, North Korea has had cash cards since 2005, when the North East Asia Bank (a joint bank now called the KKG Bank) issued the Sili Card, which was mainly used by foreigners and the upper class when they paid merchants.

In fact, North Korea has had cash cards since 2005, when the North East Asia Bank (a joint bank now called the KKG Bank) issued the Sili Card, which was mainly used by foreigners and the upper class when they paid merchants.

Politics

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