Korea Daesong Group

Clearing North Korea’s bad debt (Part 2)

The common wisdom among Pyongyang watchers is that responsibility for North Korea’s failure, up to now, to clear its foreign debt is entirely the country’s own. London businessman Colin McAskill has a different view. During 1987, while overseeing North Korea’s bullion trade, McAskill made two…

Clearing North Korea’s bad debt

This is the first installment of a three-part series. Can North Korea’s regime de-prioritize the building of a nuclear arsenal and refocus on improving its dismal economy? The consensus view is: “Not as long as the Kims are in power. They care only about the…

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