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Estimating gross national product in North Korea is a difficult task because of a lack of economic data [41] and the problem of choosing an appropriate rate of exchange for the North Korean won, the nonconvertible North Korean currency. The South Korean government's estimate placed North Korea's GNP in 1991 at US$22.9 billion, or US$1,038 per ...
Flags of Korean People's Army 1948 Flag of the Korean People's Army: Initially designed along with the early draft for the Emblem of North Korea in 1948. The slogan reads: "For the unification and independence of the motherland and the people" (조국의 통립과 인민을 위하여). Used only as ceremonial unit color for historical units ...
A ceremony was held on 10 July 1948 to take down the taegukgi and install the new flag in the meeting place, but the new flag's adoption was not official until the passing of North Korea's first constitution by the Supreme People's Assembly on 8 September.
North Korea's nominal gross national income in 2023 was estimated to be 1.59 million won ($1,147.56) per capita, equivalent to just 3.4% of the South's 47.25 million won.
The North Korean famine in the 1990s contributed to the birth of the black market economy. North Korea established a socialist welfare system in 1948, with the Constitution of the Democratic People's Republic of Korea. [5]
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]
The traditional flag of Korea, the Taegukgi, and the symbol Taeguk, were swapped for socialist symbols. Some of the symbols of North Korea—the national emblem, flag, anthem and capital—are defined in the constitution of North Korea, while others such, as the national sport Ssirum or the national dish kimchi, are traditional. Some ...
BEIJING/SEOUL (Reuters) -Chinese brokers said they expect the resumption of regular trade with North Korea as soon as Monday, after a North Korean train pulled into a Chinese border town on Sunday ...