While stiff-arming the Biden administration’s offers of direct talks, Pyongyang has only conducted one missile test so far in 2023.
But the progress made by North Korean armorers raises an economic question in addition to the strategic one: How is the world’s richest country vulnerable to an impoverished state with an isolated, backward economy that ranks 135th in the world in national wealth?
Joint international efforts to choke off this money supply are just now getting off the ground, experts say.At North Korea’s 8th Party Congress in January 2021, Mr. Kim laid out a wish list of weapons so ambitious it made outside analysts gasp. It was an impressive — and expensive — display, again raising questions of where the Kim regime was getting the money to pull it off.estimated that North Korea spends some $4 billion annually on its military, about 26% of GDP.from the World Bank, China spends 1.7% of GDP on its military, South Korea spends 2.8%, the US 3.5%, Russia 4.1% and Israel 5.2%.
One is through heists of cryptocurrencies, which he estimated earned Pyongyang $1.7 billion last year. The second is through the export of workers to global IT forms, who earn “hundreds of millions of dollars” in hard currency by creating apps and cryptocurrency-related products.
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