Pyongyang skyline changes shape despite sanctions

Asia Pacific May 6, 2016

Pyongyang skyline changes shape despite sanctions

The Pyongyang skyline is rising — and not just with the trophy structures that represent the North Korean state. Despite its political and economic isolation, the capital is in the midst of a building boom. In a comparison of photos taken by Reuters this week ...

China-made truck used by North Korea in new artillery system

Asia Pacific Mar 9, 2016

China-made truck used by North Korea in new artillery system

North Korea is using Chinese-made trucks in a new mobile artillery system showcased five days ago, according to photographs reviewed by Reuters, underlining the difficulty in enforcing U.N. sanctions against the isolated state. North Korea's Multiple Rocket Launcher System (MRLS) may be able to operate ...

Comrade capitalism: North Korea seeks investors for brewery

Asia Pacific Aug 11, 2015

Comrade capitalism: North Korea seeks investors for brewery

For the boldest frontier market investor: North Korea is looking to raise $39 million from foreign investors to fund a new brewery in Wonsan, an eastern port city where leader Kim Jong Un has big development ambitions. The isolated country recently announced more than 100 ...

Grassroots capitalism an economic reality in North Korea

Asia Pacific Aug 4, 2015

Grassroots capitalism an economic reality in North Korea

From the dark alleys of Pyongyang, the showpiece North Korean capital, tiny specks of torchlight shine carefully into the eyes of passersby, leading to bustling and illegal street markets where traders, usually women, call out "buy, buy!" The maeddugi shijang, or grasshopper markets, get their ...