The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Korean shorthairs among favorite cat breeds as more people choose to adopt pets

  • 3

    REVIEW'The ODD Of LOVE' concert: Taeyeon shows why she is among K-pop's top vocalists

  • 5

    Korea beats Nigeria to advance to semifinals at FIFA U-20 World Cup

  • 7

    4 Chinese, 4 Russian military planes enter Korea's air defense zone without notice

  • 9

    'The Second Husband' co-stars to the tie knot, expecting child in real life

  • 11

    INTERVIEWKorean food undergoes renaissance in US

  • 13

    Korea's export dependency on China dips below 20%

  • 15

    Stats agency to use Naver's AI chatbot to offer tailored data for firms

  • 17

    Egyptian national arrested for possession of cannabis cookie

  • 19

    Toyota launches Crown CUV in Korea to boost sales

  • 2

    Uhm Jung-hwa enjoys second heyday with JTBC series 'Doctor Cha'

  • 4

    Tom Cruise to visit Korea to promote new film

  • 6

    3 EXO members file antitrust complaint against SM Entertainment

  • 8

    Asiana Airlines pilots union to initiate mass flight delays

  • 10

    ANALYSISS. Korean economy feared to follow in Japan's footsteps

  • 12

    Agency launched to offer exclusive support for overseas Koreans

  • 14

    Korean food's global popularity leads to copycat products in China, Japan

  • 16

    Retail investors bet on wrong horse despite KOSPI rally

  • 18

    Memorial event to be held for fallen Thai soldiers of Korean War

  • 20

    Retailers use recycled, biodegradable plastic to attract eco-conscious consumers

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
National
  • Yun Byung-se
  • Kim Won-soo
  • Ahn Ho-young
  • Kim Sang-woo
  • Lee Kyung-hwa
  • Mitch Shin
  • Peter S. Kim
  • Daniel Shin
  • Jeon Su-mi
  • Jang Daul
  • Song Kyung-jin
  • Park Jung-won
  • Cho Hee-kyoung
  • Park Chong-hoon
  • Kim Sung-woo
  • Donald Kirk
  • John Burton
  • Robert D. Atkinson
  • Mark Peterson
  • Eugene Lee
  • Rushan Ziatdinov
  • Lee Jong-eun
  • Chyung Eun-ju and Joel Cho
  • Bernhard J. Seliger
  • Imran Khalid
  • Troy Stangarone
  • Jason Lim
  • Casey Lartigue, Jr.
  • Bernard Rowan
  • Steven L. Shields
  • Deauwand Myers
  • John J. Metzler
  • Andrew Hammond
  • Sandip Kumar Mishra
Wed, June 7, 2023 | 17:53
Andrei Lankov
China holds keys to N. Korea's future
Posted : 2016-03-20 17:31
Updated : 2016-03-20 17:37
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
By Andrei Lankov

On March 2, the U.N. Security Council passed a resolution that introduces new sanctions against North Korea. Resolution 2270 is by no means the first document of this kind: every new nuclear test resulted in yet another U.N. resolution and set of sanctions.

However, Resolution 2270 is unusually tough. It might be the first time the U.N. Security Council has introduced measures that can hit the North Korean economy really hard.

The resolution itself envisions several bans (on top of the bans that were introduced earlier), but two bans are of special significance. First, it unconditionally bans North Korean exports of gold, vanadium and titanium ores and rare earths minerals. Second, the resolution bans the export of iron ore and coal as well, but this ban is conditional: according to the article 29(b), the coal and iron ore can be exported for purposes unrelated to the nuclear and missile program.

Apart from Resolution 2270, South Korea and the United States undertook unilateral measures. South Korea closed the Gaeseong industrial zone that brought up to $100 million a year into the North. The U.S. introduced "secondary sanctions'' against people and companies engaged in financial transactions with North Korea or employing North Korean workers (export of workers has become a major source of income for North Korea in recent years).

In general, if these measures are fully implemented, North Korea is bound to face a crisis. Coal is its major export item, constituting about 40 percent of all North Korean exports, while minerals amount to the two-thirds of North Korea's entire exports.

Of course, diplomats assure us that ''sanctions will not hurt common people,'' but this mantra, obligatory in our politically correct times, should not be taken seriously.

Of course sanctions will hit common people and will probably reverse the improvement of North Korea's economic situation that began about 10 years ago and sped up under Kim Jong-un. It remains to be seen, of course, whether such sanctions will influence government policy on the nuclear issue. Most likely they will not.

However, one should not forget that Resolution 2270 has a loophole the size of floodgates: the caveat that coal and iron ore exports can be allowed if the earnings are not used for further development of the nuclear weapons and ballistic missiles.

North Korea, in spite of all the recent changes, is a closed country, where the government is quite capable of hiding all internal structures. Documents can be easily forged, while officials and North Korean employees will say to foreigners exactly what they are ordered to say. In other words, normally there is way to verify whether profits from a particular deal are going to be used for the prohibited activities or not. Thus, in every case the buyer will have to decide.

In this case, buyers are going to be overwhelmingly Chinese. China is not nearly the sole trading partner of North Korea (some 90 percent of the total trade volume), but China also needs North Korean coal. Thus, the future of the North Korean economy largely depends on what position China will take.

So far, it appears that China is inclined to be tough. Many observers were surprised that China voted for Resolution 2270, and the first reports seemingly indicate that China is serious about enforcing the bans as well. However, will this resolve continue for more than few months? This is an open question.

On the one hand, Beijing is annoyed by North Korea's risky behavior and brinksmanship. China, one of the five officially recognized nuclear powers, does not like nuclear proliferation. Last but not least, China is annoyed because North Korea's antics create a reason (or excuse) for the U.S. to maintain and increase its military presence near China.

On the other hand, China does not want instability or even regime collapse in North Korea ― which excessive pressure might produce. So far, China has been careful not to overplay, and one can suspect that the same policy will be followed now.

So, if the sanctions create an excessively hard situation in North Korea, China is likely to take a softer approach ― and Resolution 2270 gives Beijing an opportunity to do so. Nonetheless, for the time being the Chinese message to Pyongyang is clear and tough.

Professor Andrei Lankov was born in St. Petersburg, Russia, and teaches at Kookmin University in Seoul. Reach him at anlankov@yahoo.com.

 
wooribank
Top 10 Stories
1Asiana Airlines pilots union to initiate mass flight delays Asiana Airlines pilots union to initiate mass flight delays
2Korean food's global popularity leads to copycat products in China, Japan Korean food's global popularity leads to copycat products in China, Japan
3Egyptian national arrested for possession of cannabis cookie Egyptian national arrested for possession of cannabis cookie
4Presidential office's plan to revamp TV viewing fees causes stir Presidential office's plan to revamp TV viewing fees causes stir
5ROK-US alliance is now nuclear-based: President Yoon ROK-US alliance is now nuclear-based: President Yoon
6International Yoga Day to celebrate well-being of body, mind International Yoga Day to celebrate well-being of body, mind
7Incheon announces plans to become hub for overseas Koreans Incheon announces plans to become hub for overseas Koreans
8Samsung family takes out stock loans to pay inheritance tax Samsung family takes out stock loans to pay inheritance tax
9Controversy grows as fisheries ministry stresses safety of seafood, salt, beaches Controversy grows as fisheries ministry stresses safety of seafood, salt, beaches
10Hyundai Motor, IKEA join hands to promote sustainable outdoor activities Hyundai Motor, IKEA join hands to promote sustainable outdoor activities
Top 5 Entertainment News
1Frieze Seoul unveils stronger lineup of Asian galleries for its second edition Frieze Seoul unveils stronger lineup of Asian galleries for its second edition
2[REVIEW] 'The ODD Of LOVE' concert: Taeyeon shows why she is among K-pop's top vocalists REVIEW'The ODD Of LOVE' concert: Taeyeon shows why she is among K-pop's top vocalists
3Baritone Kim Tae-han wins Queen Elisabeth Competition Baritone Kim Tae-han wins Queen Elisabeth Competition
4Busan Film Festival accepts director Huh Moon-yung's resignation Busan Film Festival accepts director Huh Moon-yung's resignation
5[INTERVIEW] 'One Day Off' star Lee Na-young, director on creating subtle, feel-good series INTERVIEW'One Day Off' star Lee Na-young, director on creating subtle, feel-good series
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group