N. Korea's foreign earnings likely to dive amid sanctions
상태바
N. Korea's foreign earnings likely to dive amid sanctions
  • Kim Sung-min
  • 승인 2017.03.15 17:10
  • 댓글 0
이 기사를 공유합니다

North Korea's foreign earnings are expected to be curtailed by 20 percent in 2017 from three years ago due largely to the ongoing U.N. sanctions, a U.S. broadcaster said Wednesday.

"The North, which earned US$3.6-4.0 billion in 2014, is likely to see about $8-billion loss this year due to sanctions," Voice of America (VOA) said, quoting its own estimates.

The 2014 figure breaks down to $3.2 billion for exports, $2-6 billion for labor exports, $1 billion for inter-Korean trade, $30-40 million for tours and $1 billion for others, according to the VOA tally drawn up based on statistics from economic organizations at home and abroad.

Of this year's expected loss, a decline of $7 billion is likely to come from exports as the outbound shipment of minerals, the North's biggest export item, is currently restricted by the U.N. sanctions, the broadcaster said.

The broadcaster also pointed out that the economically devastated country has lost another major source of foreign currency, South Korea, since the southern neighbor stopped trade with it in May 2014, following a North Korean soldier's shooting of a South Korean female tourist to death in its Mount Kumgang tourist site and the shutdown of an inter-Korean industrial park in the North Korean city of Kaesong amid inter-Korean tension in February last year. (Yonhap)


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.
주요기사