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  • KDI Review of the North Korean Economy, April 2022
  • Date April 29, 2022
  • Language Korean
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The April issue looks into North Korea’s fiscal status and relevant issues. Based on its official annual data on national budget, revenue and expenditure plans, the article estimates a long-term fiscal projection of North Korea. As its fiscal situation has gotten worse for two years in a row, there may be certain changes to the short-term policy responses (aimed at stimulating economic development) and mid- to long-term growth strategies (select and concentrate). Considering that general economic agents are most likely to shoulder the burden of the regime’s fiscal function, monitoring how the regime mobilizes its people for national projects and analyzing the impacts on its informal economic sector would help us have some indirect understanding of North Korea’s economic situation and developments. Relevant fiscal and budget statistics for this analysis are provided in the section for “Economic Material.”
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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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