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  • KDI Review of the North Korean Economy, June 2019
  • Date June 28, 2019
  • Language Korean
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KDI Reviews of the North Korean Economy for June presents the analysis of economic trends titled “North Korea’s New Economy and Global Sanctions: Analysis and Hypothesis,” written by Suk Lee, senior fellow at the KDI Office of the North Korean Economics Studies.

The analysis explored the impacts of global sanctions on the North Korean economy. It first examined the characteristics of the North Korean Economy under Kim Jong-un and then studied conceptual effects that the sanctions will bring to this economy. It also checked how strongly these conceptual effects can be verified through empirical data and information. In closing, taken all together, Lee proposes a hypothesis about ongoing effects of current sanctions on the North Korean economy.
 
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Office of Global Economy
Providing Economic Forecast and Macroeconomic Policy Direction, the Groundwork for a Brighter Future

The Department of Macroeconomics is conducting researches on the macro economy and macroeconomic policy, particularly focusing on suggesting the analysis of macroeconomic trends and current status of the economy at home and abroad, the economic forecast, and the policy direction of the macro economy. The Department is also in charge of establishing, sustaining and maintaining various econometric models, based on which it analyses policy effects and develops a long-term economic forecast.

Main Tasks
  • Economic trend analysis, short- and long-term forecast
  • Policy study on macroeconomic management
  • Basic structural analysis on macroeconomic areas
  • Maintenance of multi-sectoral dynamic macroeconomic model
Department of Macroeconomic Policy
  • LEE. Tae Suk

    Director, Division of Analysis and Evaluation

    82-044-550-4725
  • CHO, Byungkoo On leave

    Director and Vice President, Department of North Korean Economy

    82-044-550-4725
  • LEE, Jongkyu

    Fellow

    82-044-550-4725
  • WEE, Hyeseung Dispatched

    Research Associate

    82-044-550-4725
  • NAM, Jinwook On leave

    Specialist

    82-044-550-4725
  • KIM, Seulki

    Research Associate

    82-044-550-4725
  • CHUN, Eunkyung

    Research Associate

    82-044-550-4725
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