North Korea’s economy is so ‘dire’ it had to close embassies in Hong Kong, Spain and Africa to save money - News Summed Up

North Korea’s economy is so ‘dire’ it had to close embassies in Hong Kong, Spain and Africa to save money


From Angola to Hong Kong, North Korea is rapidly shuttering its overseas embassies, as Pyongyang’s economy sputters and Kim Jong-un embraces ‘new Cold War’ diplomacy with Russia, experts say. A flag of North Korea waves in the wind on a post at the North Korean Embassy in Madrid, Spain. Seoul’s Unification Ministry said this week that the global “strengthening of sanctions against North Korea has disrupted its foreign currency earnings”. From Angola to Hong Kong, North Korea is rapidly shuttering its overseas embassies, as Pyongyang’s economy sputters. “However, a reduction in North Korea’s overall diplomatic capabilities can be seen as inevitable.”


Source: The North Africa Journal November 03, 2023 00:32 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */