The impact of the financial crisis in North Korea

Now, as one of the world's most closed countries of the North Korea may have been sweeping through the world financial crisis has been felt keenly felt pain, the severity of the current crisis is evident from this. North Korea's focus on the issue of the Far East Research Institute of Seoul, South Korea (Institute for Far Eastern Studies) report released Thursday said the annual trade volume was only about 20 billion U.S. dollars, and almost no import and export business outside North Korea is now the number one trading partner because of its ─ ─ China's behavior is affected by a reduction in land prices. In recent weeks, North Korea to buy the mineral zinc, and other Chinese companies to reduce the purchase price of these products in North Korea's export industry in holds considerable weight. Chinese buyers to keep the prices down not only to force some of North Korea's mineral production, and even the ore, waste smuggling have convergence. North Korea is smuggling in illegal, however, it is believed that trade in the form of extreme poverty in this country has played an important role. Professor Institute of the Far East, the report's writers said Lim Eul-chul, who is from the Korean doing business in China as well as the Korean defectors in South Korea's population was informed of the situation; small number of the former, because the citizens of travel restrictions on North Korea ; Many of which are still skillfully and hometown friends and relatives have maintained contact, and North Korea have not been aware of the official. Lim said that the Chinese enterprise has been the impact of the global economic situation, they do not want to pay for raw materials for North Korea's original price, so that the Korean businessmen can not make any money from the trade. China's trading partners imposed on North Korea's possession of price pressure in recent months with the global trend decline in commodity prices in line. However, this is left for North Korea this year, the worst year even worse. Ad international relief organizations said that North Korea is going through the late 1990s the most serious food shortage off. North Korea news reports on a regular basis and talk of the Buddhist aid organization Good Friends said that with the government to suppress the activities of the market as well as the public's dissatisfaction with the food quota to reduce the warming, the phenomenon is increasing civil unrest. Since mid-August, North Korean leader Kim Jong Il dictatorship on any more public appearances. The United States and elsewhere, warning officials said they believe that by a stroke or similar serious illness, Kim Jong-il is now unable to control the country. Japan and South Korea this week, officials have said that Kim Jong-il is still hospitalized. North Korea's official media reported that the global financial crisis will destroy the United States and other industrialized powers, but the Far East Research Institute reported that the Korean people become very anxious, they are worried that the global economic crisis could bring long-term impact.