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Noord-Korea!

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  1. johan20090 31 juli 2021 07:18
    North Korea's economy in crisis because of COVID-19 and sanctions

    North Korea's economy suffered its biggest contraction in 23 years in 2020 as it was battered by continued U.N. sanctions, COVID-19 lockdown measures and bad weather, South Korea's central bank said.

    The Bank of Korea (BOK) gives the most reliable estimates of economic output in the reclusive North, but other experts said the situation could be even worse.

    Kim Byeong-yeon, an economics professor at Seoul National University who specialises in North Korea, estimated that the economy there could have shrunk up to 20% from 2017-20, taking into account the role of informal markets which he said the BOK tends to overestimate during downturns.

    "It is indeed a major crisis, and one that might bring bigger political repercussions as people now have far more economic interests and knowledge than the 1990s, having done trade, smuggling and other activities themselves," Kim said.

    A South Korean government source with close knowledge of the matter told Reuters that the North faces its worst economic crisis since a 1990s famine killed as many as 3 million, although few deaths have been reported this time thanks to Chinese aid and the release of military and emergency reserves.

    "Two years of border shutdown and typhoons have deepened the North's crisis, but not to the extent that it shook the foundation of its economy," the source said, citing Chinese help.

    The BOK said gross domestic product (GDP) in the North contracted 4.5% last year in real terms, the worst since 1997 and reversing a 0.4% growth in 2019, the first expansion in three years.

    "Along with the continued intense U.N. sanctions, North Korea's lockdown measures to fight the coronavirus pandemic ... and worsened weather conditions such as heavy rains and typhoons were the main drivers to the contraction," a BOK official told reporters.

    The BOK has released annual estimates on the North's economic output since 1991, based on information from the South's intelligence and government and foreign trading agencies.

    NO CONFIRMED CASES

    North Korea has not confirmed any COVID-19 cases, but closed borders and imposed strict prevention measures, seeing the pandemic as a matter of national survival.

    The measures also included a 30-day quarantine for those who showed COVID-19 symptoms, a ban on domestic travel and entry to the capital Pyongyang, the BOK official said, adding that these moves greatly impacted the manufacturing and services sectors.

    North Korea's state-controlled economy had already been dogged by international sanctions, aimed at pressing leader Kim Jong Un to abandon nuclear and weapons programmes.

    Kim said last month that the failure to implement anti-virus measures had caused a "great crisis". In June, he said the country faced a "tense" food situation, citing the pandemic and last year's typhoons.

    The pandemic has compounded the squeeze, in part because North Korea halted trade with China, its biggest economic lifeline, with Chinese customs data showing bilateral trade plummeted more than 80% last year from 2019.

    The two countries were working to resume trade as early as August after scrapping earlier plans amid concerns over more contagious COVID-19 variants, the South Korean government source said.

    The Bank of Korea (BOK) gives the most reliable estimates of economic output in the reclusive North, but other experts said the situation could be even worse.

    Kim Byeong-yeon, an economics professor at Seoul National University who specialises in North Korea, estimated that the economy there could have shrunk up to 20% from 2017-20, taking into account the role of informal markets which he said the BOK tends to overestimate during downturns.

    "It is indeed a major crisis, and one that might bring bigger political repercussions as people now have far more economic interests and knowledge than the 1990s, having done trade, smuggling and other activities themselves," Kim said.

    "Two years of border shutdown and typhoons have deepened the North's crisis, but not to the extent that it shook the foundation of its economy," the source said, citing Chinese help.

    The BOK said gross domestic product (GDP) in the North contracted 4.5% last year in real terms, the worst since 1997 and reversing a 0.4% growth in 2019, the first expansion in three years.

    "Along with the continued intense U.N. sanctions, North Korea's lockdown measures to fight the coronavirus pandemic ... and worsened weather conditions such as heavy rains and typhoons were the main drivers to the contraction," a BOK official told reporters.

    The BOK has released annual estimates on the North's economic output since 1991, based on information from the South's intelligence and government and foreign trading agencies.

    NO CONFIRMED CASES

    North Korea has not confirmed any COVID-19 cases, but closed borders and imposed strict prevention measures, seeing the pandemic as a matter of national survival.

    The measures also included a 30-day quarantine for those who showed COVID-19 symptoms, a ban on domestic travel and entry to the capital Pyongyang, the BOK official said, adding that these moves greatly impacted the manufacturing and services sectors.

    North Korea's state-controlled economy had already been dogged by international sanctions, aimed at pressing leader Kim Jong Un to abandon nuclear and weapons programmes.

    Kim said last month that the failure to implement anti-virus measures had caused a "great crisis". In June, he said the country faced a "tense" food situation, citing the pandemic and last year's typhoons. read more

    The pandemic has compounded the squeeze, in part because North Korea halted trade with China, its biggest economic lifeline, with Chinese customs data showing bilateral trade plummeted more than 80% last year from 2019.

    The two countries were working to resume trade as early as August after scrapping earlier plans amid concerns over more contagious COVID-19 variants, the South Korean government source said.

    The BOK said North Korea's trade volume plunged 73.4% to $0.86 billion last year, with exports of the non-sanctioned items including watches and wigs plunging 86.3% and 92.7%, respectively.

    "Trade volume which took up about 21.9% of the GDP in 2016 ... was sharply reduced to 2.9% in 2020 after the COVID-19 lockdown impact added to the economic sanctions," the BOK official said.

    This week, North and South Korea restored hotlines that Pyongyang severed a year ago, amid efforts to rebuild ties by Kim and South Korean President Moon Jae-in, who has been seeking to restart economic cooperation.

    Friday's BOK data showed that industrial output, which accounts for 28% of the North Korean economy, decreased 5.9%, while output from agriculture, forestry and fisheries fell 7.6%.

    The services sector, which accounts for a third of the economy, also shrank 4.0%.
  2. johan20090 1 augustus 2021 08:27
    Kim Jong-Un hints at ‘hardships’, stoking fears of famine’s return amid North Korea’s pandemic isolation

    Three times this year, the hermit kingdom’s Kim has indicated his country is in trouble, raising the spectre of the deadly ‘Arduous March’ of the 1990s. Sealed borders, severe weather, and the presumed spread of Covid-19 have combined to create a ‘gravely serious’ humanitarian situation, say observers.

    North Korea ’s autocratic leadership is not known for drawing attention to problems within the hermit kingdom, where a popular children’s song proclaims “we have nothing to envy in the world”.

    So when Kim Jong-Un used a recent commemoration of the 1950-1953 Korean war to acknowledge the Covid-19 pandemic and lockdowns had sparked a “crisis of hardships” to rival the conflict, aid groups took notice.

    Kim’s acknowledgement of growing deprivation late last month was the third such public acknowledgement this year, including an admission in June that the secretive country’s food situation was “getting tense”. In April, the third-generation dictator, who assumed power in 2011, told officials to prepare for another “Arduous March”, the term used to describe a famine during the 1990s that is estimated to have cost between 240,000 and 3.5 million lives.

    So when Kim Jong-Un used a recent commemoration of the 1950-1953 Korean war to acknowledge the Covid-19 pandemic and lockdowns had sparked a “crisis of hardships” to rival the conflict, aid groups took notice.

    North Korean leader Kim Jong-Un scolds officials for ‘great crisis’ caused by coronavirus lapse

    “The fact that Kim Jong-Un is saying that the situation is dire indicates to me that things are bad in North Korea,” said Dan Chung, executive director of Crossing Borders, a US-based Christian aid group that works with North Korean refugees. “During the famine of the late 90s, North Korea made indications that the country was in trouble. North Korea’s default disposition is bombast and bragging. If they say they are in trouble, they usually mean it.”

    Tim Peters, the founder of Seoul-based non-profit Helping Hands Korea, said Kim’s remarks hinted at the “enormous impact” of the pandemic and related restrictions on the country.

    “Rarely do we agree with Kim Jong-Un, but such an assessment coincides with all of the indicators that our NGO has of the immensely complex crisis that the pandemic poses for the DPRK’s ageing, brittle infrastructure on every level,” Peters said, using the acronym for the North’s official name, the Democratic People’s Republic of Korea.

    Pyongyang has effectively sealed the country’s borders since January last year as part of measures to keep the pandemic at bay, severely curtailing cross-border traffic and trade with China, its main ally and trading partner. Trade between the neighbours fell to a record low in the first six months of 2021, with Chinese exports declining more than 85 per cent to US $56.77 million, according to Chinese customs data.
  3. johan20090 2 augustus 2021 17:16
    North Korea has Collapsed: The Headline You Don’t Want to Ever See

    What is left to say at this point when it comes to that “Hermit Kingdom” everyone loves to hate? North Korea, or also known as the so-called Democratic People’s Republic, is the ultimate Pandora’s Box and every president’s worst nightmare: A-bombs, chemical toxins, biological weapons, and missiles to lob them all over the world—including now at the continental United States. And Pyongyang knows how to get the news cycle to turn its way—thanks to making Northeast Asia shake with nuclear weapons tests.

    www.19fortyfive.com/2021/06/north-kor...
  4. johan20090 2 augustus 2021 17:37
    quote:

    johan20090 schreef op 2 augustus 2021 17:16:


    North Korea has Collapsed: The Headline You Don’t Want to Ever See

    What is left to say at this point when it comes to that “Hermit Kingdom” everyone loves to hate? North Korea, or also known as the so-called Democratic People’s Republic, is the ultimate Pandora’s Box and every president’s worst nightmare: A-bombs, chemical toxins, biological weapons, and missiles to lob them all over the world—including now at the continental United States. And Pyongyang knows how to get the news cycle to turn its way—thanks to making Northeast Asia shake with nuclear weapons tests.

    www.19fortyfive.com/2021/06/north-kor...


    Chinese intervention WILL happen in any collapse scenario of North Korea. North Korea will be propped up as a vassal state so that China will not have a common border with his US ally. This is certain.
  5. johan20090 4 augustus 2021 23:40
    Slimmer Kim prompts ‘heartbreak’ in North Korea

    State television shows citizen expressing upset at ’emaciated’ condition of leader who once weighed 140 kilograms.

    North Koreans have been worrying tearfully about leader Kim Jong Un’s “emaciated” condition, state media quoted a local resident as saying, in a highly unusual broadcast that provided rare acknowledgement of foreign speculation about Kim’s weight loss.

    The comments – in a country where public discussion of the leader’s health and personal life is nearly always off-limits – are being seen as an effort to boost domestic support for Kim as he grapples with deepening economic hardships caused by the COVID-19 pandemic, sanctions imposed as a result of its nuclear programme, and natural disasters, some experts said.
  6. forum rang 10 luchtschip 5 augustus 2021 00:18
    quote:

    johan20090 schreef op 4 augustus 2021 23:40:


    Slimmer Kim prompts ‘heartbreak’ in North Korea

    State television shows citizen expressing upset at ’emaciated’ condition of leader who once weighed 140 kilograms.

    North Koreans have been worrying tearfully about leader Kim Jong Un’s “emaciated” condition, state media quoted a local resident as saying, in a highly unusual broadcast that provided rare acknowledgement of foreign speculation about Kim’s weight loss.

    The comments – in a country where public discussion of the leader’s health and personal life is nearly always off-limits – are being seen as an effort to boost domestic support for Kim as he grapples with deepening economic hardships caused by the COVID-19 pandemic, sanctions imposed as a result of its nuclear programme, and natural disasters, some experts said.


    En weer geen link, dus weer pronken met andermans veren

    Het is trouwens een copy paste van een oud artikel van 29 Juni 2021.

    www.aljazeera.com/news/2021/6/29/slim...


    Nogmaals een vriendelijk verzoek een link bij je copy paste te plaatsen.
327 Posts
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