DPRK currency depreciates following Yonphyong shelling

Picture above from Marcus Noland Marcus Noland writes at his new blog that the DPRK’s attack on Yonpyong triggered a depreciation of the North Korean Won: A common trope among North Korea watchers is that North Korea has the asymmetric capacity to inflict damage on South Korea. By raising tensions, North Korea can disrupt South … Continue reading DPRK currency depreciates following Yonphyong shelling