More Bad Economic News in North Korea

The Daily NK reports that the Kimchaek Iron and Steel Plant in Chongjin, North Korea’s fourth-largest city, has stopped producing:

In a recent newsletter, Good Friends, a support organization for North Korea explained that “Equipment had severely deteriorated and original resources such as coal and coxtan are not supplied.

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Kim Cheak Iron and Steel Complex Operations has approximately 50,000 workers and is a special complex where people are stationed for 3 months for discipline and reform. However as factory operations decline, a situation is occurring where most of the workers steal the iron pigs and sell them for a living.