North Korea's Embassy Closures Reflect Dire Economic Situation

1 min read
Source: South China Morning Post
North Korea's Embassy Closures Reflect Dire Economic Situation
Photo: South China Morning Post
TL;DR Summary

North Korea is closing several embassies, including those in Hong Kong, Spain, and Africa, as its economy continues to struggle. The closures are seen as a result of tightening global sanctions and the country's inability to maintain diplomatic relations with traditional allies due to financial constraints. North Korea's diplomatic strategy is shifting towards closer ties with China and Russia, as it believes it can survive by strengthening military and economic cooperation with these countries. The closures highlight the dire economic situation in North Korea, exacerbated by the COVID-19 pandemic and the depletion of foreign currency reserves.

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