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  • August 31, 2014
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Results 1 - 10 of 10 for currency

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  1. News - Asia - NORTH KOREA

    N Korea issues new bank notes to flush out hoarded cash

    Posted Aug 01st 2014, 10:44am by Agence France-Presse in Seoul

    ... briefing. North Korea has a thriving black market that has, to some extent, supplanted the state goods distribution system. The widespread use of other currencies, especially the Chinese yuan, has also given rise to an unofficial currency exchange system. The issuance of the new notes did not appear to be accompanied by any actual currency reform like the disastrous revaluation attempted ...

    http://www.scmp.com/news/asia/article/1564046/n-korea-issues-new-bank-notes-flush-out-hoarded-cash
  2. News - Asia - NORTH KOREA

    North Korean bank official 'linked to state slush funds seeks asylum and flees with US$5 million'

    Posted Aug 29th 2014, 12:02pm by Agence France-Presse in Seoul

    ... in weapons, drugs and counterfeit currency. ...

    http://www.scmp.com/news/asia/article/1581662/north-korean-bank-official-linked-state-slush-funds-seeks-asylum-and-flees
  3. News - Asia - NORTH KOREA

    South Korean man found dead in North’s Kaesong factory park

    Posted Nov 30th 2013, 02:46pm by Associated Press in Seoul

    ... South Korean initiative, capital and technology with cheap North Korean labour. It’s also a rare source of hard currency for North Korea, though the impoverished country chafes at suggestions ...

    http://www.scmp.com/news/asia/article/1369552/south-korean-man-found-dead-norths-kaesong-factory-park
  4. News - Asia - NORTH KOREA

    North Korean official says purge won’t hurt economic policy

    Posted Dec 15th 2013, 08:17pm by Associated Press in Pyongyang

    ... investment, Yun Yong-sok, a senior official in the State Economic Development Committee, said. Luring foreign investment is critical to garnering badly needed foreign currency and funding ...

    http://www.scmp.com/news/asia/article/1381300/north-korean-official-says-purge-wont-hurt-economic-policy
  5. News - Asia - NORTH KOREA

    Pyongyang blames South Korean leader Park for Kaesong closure

    Posted Apr 11th 2013, 01:19pm by AFP

    ... that the North would not dare to close Kaesong – a crucial source of hard currency for the impoverished state.   ...

    http://www.scmp.com/news/asia/article/1212135/pyongyang-blames-south-korean-leader-park-kaesong-closure
  6. News - Asia - NORTH KOREA

    Kim Jong-un's plea for 'world class' ski resort in North Korea

    Posted Jun 06th 2013, 12:00am by AFP

    ... to boost tourism, which Pyongyang sees as a relatively risk-free way of earning much-needed foreign currency. ...

    http://www.scmp.com/news/asia/article/1254331/kim-jong-uns-plea-world-class-ski-resort-north-korea
  7. News - Asia - NORTH KOREA

    North Korea bars South delegation from joint zone

    Posted Apr 17th 2013, 01:00pm by AFP

    ... previous crises to significantly affect the complex, which is seen as a bellwether of stability on the Korean peninsula and is a key source of hard currency for the North. ...

    http://www.scmp.com/news/asia/article/1216681/north-korea-bars-south-delegation-joint-zone
  8. News - Asia - NORTH KOREA

    South Korea slams 'unjustifiable' North action on Kaesong

    Posted Apr 08th 2013, 01:38pm by AFP

    ... of cross-border economic cooperation. Neither side has allowed previous crises to significantly affect the complex, a crucial hard currency source for the impoverished North and seen as a bellwether ...

    http://www.scmp.com/news/asia/article/1209883/south-korea-slams-unjustifiable-north-action-kaesong
  9. News - Asia - NORTH KOREA

    N Korea to hold rare second parliament session

    Posted Sep 05th 2012, 10:09am by Reuters in Seoul

    ... much of the arms trade that had been a rare source of hard currency. Drought and widespread flooding this year are believed to have hit the North’s farm production hard, possibly cutting grain ...

    http://www.scmp.com/news/asia/article/1029947/n-korea-hold-rare-second-parliament-session
  10. News - Asia - NORTH KOREA

    Kim Jong-un's economic reforms carry risks and benefits, analysts say

    Posted Sep 24th 2012, 12:00am by AFP

    ... trading activity was seen as a threat to government control and most of the reforms were rolled back three years later. Then there was a disastrous currency "revaluation" in 2009 ...

    http://www.scmp.com/news/asia/article/1045387/kim-jong-uns-economic-reforms-carry-risks-and-benefits-analysts-say

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