Sign In
  • Best Buys
  • Household Money
  • Banking & Borrowing
  • Mortgages & Home
  • Saving & Making Money
  • Rights, Scams & Politics
  • Motoring & Travel
  • Investing & Pensions
  • Savings & ISAs
  • Features
  • Compare

How North Korea makes money revealed, and where Russia might fit in

The money flowing into North Korea
Arms deals (and more) with Russia
Burgeoning relationship with Russia
A public meeting, but private discussions
Arms deals (and more) with Russia
GDP grows despite sanctions...
GDP grows despite sanctions...
...but exports are falling
Exporting coal
Smuggling oil
Exporting seafood
Exporting textiles
Trading with China
Sharing Korean cuisine and entertainment
Corruption is rife
Dealings on the Third Floor
Making and trafficking drugs
Forging banknotes
Stocking up on cryptocurrencies
Hacking through LinkedIn
Hacking is allegedly big business in North Korea
Luxury goods are for sale
Slave labour abroad
Bringing in the tourists
1 of 24
VLADIMIR SMIRNOV/POOL/AFP via Getty Images

The money flowing into North Korea

Cut off from the rest of the world, North Korea's trade with foreign territories has largely been severed as a result of global sanctions. But Supreme Leader Kim Jong-un and his elite still manage to enjoy lives of luxury while funding the state's "irreversible" nuclear mission. So where's all the money coming from?

Kim Jong-un’s much-publicised meeting with Russian president Vladimir Putin hints at a relationship that North Korea may be benefiting from financially, but it’s not the only avenue that allows cash to flow into the so-called Hermit Kingdom.

Read on to find out how the tightening of ties with Russia could provide a lucrative boost to North Korea, and discover the other ways it makes money, from simple exports to more sinister methods. All dollar values in US dollars.

Gallery view |
List View

lovemoney staff

14 September 2023

Features

See more on this topic

Share the love