[November 13, 2023] While the World’s attention is focused on Israel and its war with Hamas and, to a lesser extent, on the Russia-Ukraine War, something is happening in North Korea. The Hermit Kingdom is known for odd diplomatic overtures. Lately, however, they have begun shutting down their embassies worldwide. Suspicions are mounting that North Korea is facing a financial crisis.
“We are conducting operations to withdraw and establish diplomatic missions in accordance with the changed global environment and national diplomatic policy,” a spokesperson for North Korea’s foreign ministry wrote earlier this month, according to translations from Yonhap News Agency. At least five nations have seen the withdrawal, including Spain, Hong Kong, Spain, Angola, and Uganda.
Sources out of South Korea claim that these embassy closings show that it is no longer possible for North Korea to maintain its missions in obtaining foreign currency. We already know that the North is unable to feed its population through domestic efforts and relies upon illegal activity and illicit money-making projects such as counterfeiting, human trafficking, and drug trafficking.
For decades now, experts in Western nations have predicted the collapse of North Korea. That includes me, and I am no expert. But, the Hermit Kingdom is highly resilient since they don’t care about their people, only their Communist government and enriching Kim Jong-Un’s regime. This is no surprise, given that Communism does not foster care for the poor or the average citizen.
North Korea is now making overtures to China and Russia. It should be evident that this is where Kim Jong-Un believes he can obtain assistance, given their like-minded governments. However, neither China nor Russia are doing well. They are experiencing demographic crashes that will alter the world economy dramatically over the next ten years.
In an act of desperation, will North Korea last out at South Korea? That is a question no one seems to be able to answer.
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