N-Korean Redenomination Boomerangs – Economy Collapses

Several reports suggest the fizzled out redenomination or currency swap enacted by North Korea to contain inflation has literally brought the country to its knees. Last November’s decree which gave citizens one week to surrender/exchange 100,000 old won (North Korean currency) for 1,000 new won sparked off mad rush for essential goods and fast depleted [...]

N. Korean Satellite Launch May Deflect ASEAN Summit’s Real Purpose

The second phase of the 14th ASEAN Summit and related summits which is scheduled to be held on 10-12 April in the Thai resort city of Pattaya is feared to be used as a platform for discussing the North Korean satellite launch than addressing the key issues of the region. China, Japan, South Korea, India, [...]

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