Is it possible to send remittances to North Korea?
I participated in a panel on Informal Markets and Peacebuilding in North Korea at the United States Institute of Pace last Tuesday where we discussed remittances. There is no data available on how much remittance North Korea receives since the country does not publish remittance statistics.
However, remittances are being sent from South Korea and China through informal channels (hand carried to the border by informal operators or wired). According to the Ministry of Unification in Seoul, North Koreans living in Seoul remit around 10 million dollars per year. Other estimates indicate that the annual amount is within the range of $5-$15 million per year.



Remittances, or the money migrant workers send home to their countries of origin, are finally recovering to pre-crisis levels. In 2010, remittance flows to developing countries reached $325 billion, and they are poised to continue growing sustainably through 2013, according to the World Bank’s latest
In China, rural-to-urban migration and development of the rural non-farm sector strongly modified rural household income structure since the economic reform. In the mid 2000s, almost half of total rural income in China was from non-farm activities. Whether the decline in poverty was principally due to farm income growth or due to non-farm income growth and whether the rising share of non-farm income in total rural household income was the leading cause of the sharp increase in rural inequality have been key issues of debate.
Brain drain—the migration of talent across borders—has an impact on Malaysia’s aspiration to become a high-income nation. Human capital is the bedrock of the high-income economy. Sustained and skill-intensive growth will require talent going forward. For Malaysia to be successful in its journey to high income, it will need to develop, attract and retain talent. Brain drain does not appear to square with this objective: Malaysia needs talent, but talent seems to be leaving.