Tag: North Korea economy

N. Korean incomes improving but far below South: Seoul

SEOUL, South Korea (AFP) — North Koreans enjoyed the fastest improvement in their incomes for five years in 2016, Seoul’s statistics agency has said — but Southerners are still more than 20 times better off. Per capita incomes averaged 1.46 million won ($1,340) in the North last year, Statistics Korea said in statement, up five per cent. It was the fastest expansion since 2011, when incomes rose by more than seven percent, a graph issued […]