Search results
Results From The WOW.Com Content Network
In 1965, South Korea's rate of economic growth first exceeded North Korea's in most industrial areas, though South Korea's per capita GNP remained lower than North Korea's. [ 78 ] In 1979, North Korea renegotiated much of its international debt, but in 1980 it defaulted on its loans except those from Japan.
The North Korean government, therefore, does collect revenue, in a manner which has been compared to a taxation system by international observers. However, inside North Korea the word "tax" is not used, and the term for state revenue has been variously translated as "socialist income accounting", "socialist economic management income", and in ...
Economic reforms in North Korea has been encouraged by China. While visiting Pyongyang in June 2019, Chinese paramount leader Xi Jinping said that Kim Jong Un had “initiated a new strategic line of economic development and improving people’s livelihoods, raising socialist construction in the country to a new high tide.” [ 10 ]
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year.
In 1991, future Filipino Foreign Affairs Secretary Domingo L. Siazon, Jr. visited North Korea as a guest of President Kim Il Sung. [3]In 1998, as chair of the ASEAN Regional Forum (ARF), the Philippines initiated the process of admitting North Korea as a member of the forum but the latter had stated that Southeast Asian countries, such as Brunei and the Philippines, should first establish ...
In June 2020, North Korea blew up a joint liaison office that had been installed on its side of the border to facilitate communication with Seoul. It also resumed its nuclear program, rebuilding ...
The national security advisers of the United States, Japan and the Philippines held their first joint talks Friday and agreed to strengthen their defense cooperation, as Washington and its ...
North Korea, [d] officially the Democratic People's Republic of Korea (DPRK), [e] is a country in East Asia.It constitutes the northern half of the Korean Peninsula and borders China and Russia to the north at the Yalu (Amnok) and Tumen rivers, and South Korea to the south at the Korean Demilitarized Zone (DMZ).