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North Korea's foreign trade deteriorated in the 1990s. After hitting the bottom of $1.4 billion in 1998, it recovered slightly. North Korea's trade total in 2002 was $2.7 billion: only about 50% of $5.2 billion in 1988, even in nominal US dollars. These figures exclude intra-Korean trade, deemed internal, which rose in 2002 to $641 million.
In the early stages of North Korea's history, the government under Kim Il Sung and the official "Juche" (self-reliance) ideology promoted the idea that the only way to reach the goal of economic independence was through heavy machine industry. [13] The manufacturing of vinylon was therefore taken as a step towards developing North Korea as a ...
From 1994 to 1998, North Korea suffered from a famine that resulted in the deaths of between 0.24 and 3.5 million people, and the country continues to struggle with food production. [5] North Korea follows Songun , or "military-first" policy. [ 6 ]
Pyeonghwa Motors products are sold under the names Hwiparam, Bbeokgugi (Peokkugi) and Zunma: small and luxury cars, minivans, SUVs and pick-up trucks under license. Pyeonghwa has the exclusive rights to production, purchase, and sale of used cars in North Korea. Most North Koreans are unable to own cars [why?]. Because the market for cars in ...
The Kŭmsŏng Tractor Factory, located in Kiyang-dong, Kangsŏ-guyŏk, Namp'o, [1] is North Korea's largest manufacturer of tractors, bulldozers, and other agricultural equipment. Employing around 10,000 workers, the factory has a floor area of 142,000 m 2 (1,530,000 sq ft) on a total area of 400,000 m 2 (4,300,000 sq ft). [ 2 ]
North Korea has also faced acute food shortages in recent decades since a crippling famine killed an estimated hundreds of thousands in the mid-1990s. They have often been exacerbated by natural ...
Instant coffee – some instant coffee in North Korea is produced within the country [41] Ginseng tea – a common beverage in North Korea [42] Soft drinks – soft drink bottlers exist in North Korea, such as the Wonbong Trading Co. in Pyongyang. [43] Soft drink products produced within North Korea are sometimes labeled as "carbonated sweet ...
The wagon, along with other products such as scooters and tricycles, was made in a Chicago plant, until maintenance costs forced the company to move the bulk of its production to China in 2004. Target