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  • 2019 The DPRK Economic Outlook
  • Date November 30, 2020
  • Language English
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    Preface
    Contributor

    CHAPTER 1
    Overall Assessment

    CHAPTER 2
    Real Economy and Industry

    CHAPTER 3
    Foreign Trade

    CHAPTER 4
    Markets and Private Sector

    CHAPTER 5
    Market Prices and Exchange Rate

    CHAPTER 6
    Food Supply

    CHAPTER 7
    Munitions Industry

    CHAPTER 8
    Transportation Sector

    CHAPTER 9
    Energy Sector
The 2019 DPRK Economic Outlook aims to present the interpretations and observations of Korean economists for the unknown direction in which North Korea is headed. To that end, the North Korean economy was divided into industry, trade, inflation and exchange rates, market, agriculture, food, and military economy, and 6 respective papers are presented. A separate assesment of the overall conditions is also included. The papers do not center around specific discussions or debates, but rather, focus on presenting observations that can serve as the basis for interpretation as this better contributes to raising the awareness of the objective realities of North Korea instead of fueling unnecessary controversy.
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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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