Ministry Of Finance (North Korea)
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Ministry Of Finance (North Korea)
The Ministry of Finance () is a government ministry in North Korea which is responsible for planning and managing the economic policies of the Democratic People's Republic of Korea. It deliberates the budget, establishes tax and economy policies, establishes fiscal policies and national financial management plans, organizes budgets, and discusses plans for fund management. It is a department in charge of coordination, budget and fund execution and management. It was formed in September 1948. Ministers of Finance See also *Cabinet of North Korea *Central Bank of the Democratic People's Republic of Korea *Economy of North Korea References {{portal bar, North Korea Cabinet of North Korea Government of North Korea Economy of North Korea North Korea North Korea, officially the Democratic People's Republic of Korea (DPRK), is a country in East Asia. It constitutes the northern half of the Korea, Korean Peninsula and shares borders with China and Russia to the north, a ...
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Pyongyang
Pyongyang (, , ) is the capital and largest city of North Korea, where it is known as the "Capital of the Revolution". Pyongyang is located on the Taedong River about upstream from its mouth on the Yellow Sea. According to the 2008 population census, it has a population of 3,255,288. Pyongyang is a directly administered city () with equal status to North Korean provinces. Pyongyang is one of the oldest cities in Korea. It was the capital of two ancient Korean kingdoms, Gojoseon and Goguryeo, and served as the secondary capital of Goryeo. Much of the city was destroyed during the First Sino-Japanese War, but it was revived Korea under Japanese rule, under Japanese rule and became an industrial center. Following the establishment of North Korea in 1948, Pyongyang became its ''de facto'' capital. The city was again devastated during the Korean War, but was quickly rebuilt after the war with Soviet Union, Soviet assistance. Pyongyang is the political, industrial and transport ...
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Yun Gi-jong
Yun Gi-jong was a North Korean politician. She served as Minister of Finance from 1980 to 1998, as well as Chairman of the Korea-Algeria Friendship Association, Korea-Mali Friendship Association, Korea-Mongolia Friendship Association, and the Korea-Syria Friendship Association. In 1987, Yun reported that the state's expenditure in the previous year totaled $24.8 Billon, with revenue of $24.9 billion, for a surplus of $124.5 million. In 1994 she reported expenditures and income of ₩41.5 billion ($20 billion). At the fourth UN World Conference on Women, held in Beijing, Yun delivered a speech, which included a section on comfort women Comfort women or comfort girls were women and girls forced into sexual slavery by the Imperial Japanese Army in occupied countries and territories before and during World War II. The term "comfort women" is a translation of the Japanese '' ia ... and the issue of "consolation money". She was succeeded by Rim Kyong-suk in 1999. Yun's current st ...
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Government Of North Korea
In the North Korean government, the Cabinet is the administrative and executive body. The North Korean government consists of three branches: administrative, legislative, and judicial. However, they are not independent of each other, but all branches are under the exclusive political leadership of the Workers' Party of Korea (WPK). Institutions The leader must work through various agents and their institutions, which has the power to delay, modify, or even resist the leader's orders. These institutions may set the overall tone and direction for North Korea's foreign and domestic policy, make suggestions, offer policy options, and lobby Kim himself. The government is also confirmed by the Supreme People's Assembly (SPA). The Premier, who appoints three Vice Premiers and the government's ministers, heads the cabinet. The government is dominated by the ruling Workers' Party of Korea (WPK) and has been since North Korea's inception in 1948. The Cabinet now has the right to supe ...
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Economy Of North Korea
The economy of North Korea is a centrally planned economy, following ''Juche'', where the role of market allocation schemes is limited, although increasing. , North Korea continues its basic adherence to a centralized command economy. With a total gross domestic product of $28.500 billion as of 2016, there has been some economic liberalization, particularly after Kim Jong-un assumed the leadership in 2012, but reports conflict over particular legislation and enactment. Since the 1990s, informal market activity has increased, which the authoritarian regime has tolerated. These markets are referred to as 'Jangmadang' and were formed as a result of the economic collapse during the 1990s, which made the regime unable to distribute food to its people. The collapse of the Eastern Bloc from 1989 to 1992, particularly North Korea's principal source of support, the Soviet Union, forced the North Korean economy to realign its foreign economic relations, including increased economic excha ...
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Central Bank Of The Democratic People's Republic Of Korea
The Central Bank of the Democratic People's Republic of Korea is North Korea's central bank. Established on December 6, 1947, it issues the North Korean wŏn. The Bank is subordinated to the Cabinet of North Korea. Since 2021, the president of the bank is Chae Song-hak. He was preceded by Kim Chon-gyun since 2014. History On February 15, 1946, a central bank of North Korea was announced, which was to be under the control of the Soviet military. However, the bank failed to accomplish its objectives, being unable to meet its costs of operation, and the 100 million wŏn capitalisation was ineffective.McCune, 2007, p. 194. The North Korean Interim People's Committee did not look upon the bank favorably, and chose instead to work through the Farmers' Bank, which also existed at the time. By late 1946, banking functions were consolidated into two main institutions, the Central Bank and Farmer's Bank. In June 1947, around 1,000 million wŏn was concentrated in the Central Bank, allowi ...
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Ki Kwang-ho
Ki Kwang-ho ( ko, 기광호; born 1957) is a politician of the Democratic People's Republic of Korea (North Korea). He is a candidate member of the Political Bureau of the Central Committee of the Workers' Party of Korea as well as Minister of Finance in the Cabinet of North Korea. He is the chairman of the Chosun Ice Figure Association. Biography After serving as Director of the Ministry of Finance and Economy of the Cabinet, he served as the Vice Minister of Finance from May 2011 to February 2015. In February 2015, Ki Kwang-ho was appointed Minister of Finance. In May 2016, the 7th Congress of the Workers 'Party of Korea was elected as a candidate for the Central Committee of the Workers' Party of Korea. In 2019 he was elected to the 14th convocation of the Supreme People's Assembly The Supreme People's Assembly (SPA; ) is the unicameral legislature of the Democratic People's Republic of Korea (DPRK), commonly known as North Korea. It consists of one deputy from each of ...
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Choe Kwang-jin
Choi is a Korean family surname. As of the South Korean census of 2015, there were around 2.3 million people by this name in South Korea or roughly 4.7% of the population. In English-speaking countries, it is most often anglicized ''Choi'', and sometimes also ''Chey'', ''Choe'' or ''Chwe''. Ethnic Koreans in the former USSR prefer the form ''Tsoi'' (''Tsoy'') especially as a transcription of the Cyrillic Цой. Origin *According to Samguk Sagi, the Gyeongju clan originates from chief Sobeoldori (소벌도리, 蘇伐都利) of Goheochon (고허촌, 高墟村), one of six villages that united to found Silla; The Gyeongju clan traces their origin back to Choi Chiwon (857–10th century), a noted Korean scholar, philosopher, and poet of the late Unified Silla period (668–935). *One theory of origin suggests that Haeju clan's progenitor Choi Choong (최충, 崔沖, 984–1068) was given the surname 崔 during the reign of Goryeo king Mokjong. *The progenitor of the Chungju cl ...
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Kim Wan-su
Kim Wan-su (born 10 May 1939) is the Vice Chairman of the Supreme People’s Assembly (SPA) of the Democratic People's Republic of Korea (DPRK, North Korea). He was demoted from his positions as President of the Central Bank of the Democratic People's Republic of Korea and as Minister of Finance by the SPA in September 2009, five months after his appointment. He was also the deputy finance minister and became the president of the Central Bank of the DPRK in October 2004 when former President Jong Song-thaek (정성택) was dismissed (according to Radio Pyongyang). He attended the annual central bank governors meeting of the Bank for International Settlements (BIS) in Basel, Switzerland, in June 2004 and June 2005. At the 2005 meeting, he met Bank of Japan Governor Toshihiko Fukui is a Japanese economist and central banker. He was the 29th Governor of the Bank of Japan (BOJ) and a Director of the Bank for International Settlements (BIS). Early life Fukui was born in Os ...
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Rim Kyong-suk
Rim may refer to: *Rim (basketball), the hoop through which the ball must pass **Breakaway rim, a sprung basketball rim * Rim (coin), the raised edge which surrounds the coin design *Rim (crater), extending above the local surface * Rim (firearms), a projection machined into the bottom of a firearms cartridge * ''Rim'' (novel), by Alexander Besher *Rim (wheel), the outer part of a wheel on which the tire is mounted *Slang term for analingus *"Rim", a song by Brooke Candy featuring Violet Chachki and Aquaria from the album '' Sexorcism'' RIM may stand for: *Rapid Interim Measures proposed by the Review Body on Bid Challenges under the World Trade Organization's Agreement on Government Procurement * Reaction injection molding, a type of processing for network polymers *Recording Industry Association of Malaysia *Red Island Minerals, Australia coal company *Reference Information Model, in Health Level Standards 7 * Remote Infrastructure Management of computer systems *Research in Mot ...
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Kim Kyong-yon
Kim or KIM may refer to: Names * Kim (given name) * Kim (surname) ** Kim (Korean surname) *** Kim family (other), several dynasties **** Kim family (North Korea), the rulers of North Korea since Kim Il-sung in 1948 ** Kim, Vietnamese form of Jin (Chinese surname) Languages * Kim language, a language of Chad * Kim language (Sierra Leone), a language of Sierra Leone * kim, the ISO 639 code of the Tofa language of Russia Media * ''Kim'' (album), a 2009 album by Kim Fransson * "Kim" (song), 2000 song by Eminem * "Kim", a song by Tkay Maidza, 2021 * ''Kim'' (novel), by Rudyard Kipling ** ''Kim'' (1950 film), an American adventure film based on the novel ** ''Kim'' (1984 film), a British film based on the novel * "Kim" (''M*A*S*H''), a 1973 episode of the American television show ''M*A*S*H'' * ''Kim'' (magazine), defunct Turkish women's magazine (1992–1999) Organizations * Kenya Independence Movement, a defunct political party in Kenya * Khalifa Islamiyah Minda ...
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Ko Jong-bom
A KO is a knockout in various sports, such as boxing and martial arts. K.O., Ko or Kō may also refer to: Arts and entertainment Music * KO (musician), Canadian musician who plays a fusion of hip hop and folk music * ''K.O.'' (album), a 2021 album by Danna Paola * K.O (rapper), South African rapper Ntokozo Mdluli * Karen O (born 1978), lead singer of the rock group Yeah Yeah Yeahs * Kevin Olusola, American cellist, beatboxer and member of ''a cappella'' group Pentatonix * ''K.O.'', a 2008 album by Rize * "K.O.", a 2004 song by Smujji Other media * Ko (Go), in the board game ''Go'' * ''Ko'' (film), a 2011 Tamil action movie * ''Knight Online'', a 2004 online role-playing game Language * Ko language * Ko (kana), the romanization of the Japanese kana こ and コ * ISO 639-1 code for the Korean language Surname * Ko (Korean surname) * Gao (surname), a surname of Chinese origin romanized to Ko in Hong Kong * Ke (surname), a Chinese surname romanized as "Ko" in the Wade–Gile ...
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Choe Yong-su
Choe Ryong-su ( ko, 최룡수) was a North Korean politician. He was a member of the Workers' Party of Korea. Between July 2003 and July 2004 he served as Ministry of People's Security when he was replaced by Ju Sang-song Ju Sang-song (born August 1933) is a North Korean politician and former Minister of People's Security. Biography Ju Sang-song was born in Kangwon-do Province in 1933, joined the Korean People's Army in June 1951, and later attended the Kim Il-s ....Ken E. Gause. North Korea Under Kim Chong-il: Power, Politics, and Prospects for Chang, p. 72 References Members of the Supreme People's Assembly Workers' Party of Korea politicians Government ministers of North Korea {{NorthKorea-politician-stub ...
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