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Intelligence for Better Decision Making
Erudite Risk takes an all risks approach to intelligence reporting. We categorize key intelligence into one of 40 different risk intelligence categories.
The goal is to provide intelligence that allows decision makers to avoid being blindsided by what they may have missed, while informing them to make better decisions as well.
Erudite Risk also includes operations categories so you can monitor the environment for better decision making. Everything is tied together--what happens in risk affects operations and what happens in the market impacts risk profiles.
We categorize key intelligence into one of 30 different operations intelligence categories.
Different roles and functions within the organization can monitor different key issue areas. HR may monitor employment, wages, regulations, labor and management relations, etc., while P&L leaders may monitor overall developing trends.
Koryo Medicine in North Korea: Insights From a Pharmaceutical App Dataset
38 North | English | AcademicThink | Dec. 12, 2025 | North Korea
An analysis of a North Korean pharmaceutical app dataset reveals that Koryo medicines, North Korea’s traditional medical system, constitute 7.1 percent of the app’s 3,319 medical items. Of these, 234 domestically produced Koryo medicines were identified, manufactured across 69 factories, with key producers including the Pyongcheon and Sokam factories. The medicines are primarily sold as powders, pills, or capsules, favoring solid forms due to the country's limited cold-chain infrastructure. Some products, like Uhwangch’ŏngsimhwan, are produced by multiple factories, indicating strong domestic demand. The dataset also shows hybrid medicines combining Western pharmaceuticals and Koryo ingredients, and formulations such as injectable versions of traditionally oral medicines suggest efforts to modernize and integrate Koryo medicine into hospital use.
Pricing analysis indicates that Koryo medicines are generally affordable, with prices displayed in two categories linked to different exchange rates. Prices vary widely even among the same medicine types, with some products costing as little as $0.06 per pill and others up to $132 per unit. This variance may reflect differing production methods or quality. The app provides information on composition, usage, and precautions, implying that users can self-manage treatments with some guidance, although the prescription and diagnostic process remains unclear.
The North Korean government actively promotes Koryo medicine as a cost-effective approach to public health amid limited resources. This includes mandated medicinal herb collection, establishment of herb cultivation areas, and initiatives to develop new medicines and modernize production. State control of herb resources and factories helps keep prices low. However, significant concerns persist regarding the standardization, quality control, and regulatory oversight of Koryo medicines. There is limited information on safety and efficacy verification processes, and some medicines make broad or exaggerated therapeutic claims without mention of side effects.
In conclusion, while Koryo medicines are widely produced and accessible at low cost in North Korea, their true impact on public health remains uncertain due to gaps in data on quality and effectiveness. Further transparent information will be necessary to accurately assess the role these traditional medicines play within North Korea’s healthcare system.
South Korea's 30s Unemployment Surges 29.7% Amid Economic Slowdown
Chosun Ilbo | English | News | Dec. 12, 2025 | UndeterminedUnemployment
Unemployment among South Koreans in their 30s surged by 29.7% year-on-year, reaching 164,000 in November, according to the Ministry of Data and Statistics. This marks the fourth consecutive month of rising unemployment in this age group, with the latest increase being the largest since January 2021. The unemployment rate for those in their 30s rose by 0.7 percentage points to 2.9%, while rates for those in their 50s and 60s declined. The youth unemployment rate (ages 15–29) remained steady at 5.5%, though employment among this group decreased by 177,000 compared to the previous year.
The employment situation is worsening due to a prolonged economic slowdown, weak domestic demand, and the adoption of AI technologies, which have reduced hiring particularly in manufacturing and construction sectors. The number of 'inactive' individuals—those not working or seeking work—in their 30s reached a record high of 314,000 in November, contributing to a record total inactive population of 2.54 million across all age groups. Youth employment has been declining for 19 months, with the 20s age group's employment rate falling below that of those in their 60s, indicating a severe labor market imbalance.
The economic slowdown has led companies to cut investment and hiring, fueling a cycle of reduced consumption, further impacting job availability. Rising living costs and interest burdens add to household financial pressures. In response, the South Korean government plans to launch new youth employment measures as part of its 2026 economic growth strategy to address these challenges and support the inactive youth population.
North Korea convenes plenum, launches rockets into sea
Korea Herald | English | News | Dec. 12, 2025 | North Korea
North Korea convened the 13th Enlarged Plenary Meeting of the Eighth Central Committee of the ruling Workers’ Party of Korea on December 9, presided over by leader Kim Jong-un. The session brought together senior party officials, government ministries, provincial leaders, and military commanders to review state policy implementation and prepare for the Ninth Party Congress expected in early 2025. The upcoming congress, held every five years, is anticipated to set the roadmap for economic management, military development, and foreign policy toward Seoul and Washington. The plenary session, originally expected mid-December, was moved up to accelerate these preparations.
Following the start of the plenum, North Korea fired around 10 artillery rockets into the Yellow Sea, likely from a 240 mm multiple rocket launcher system, as part of its annual winter training drills. The rockets have the capability to reach Seoul and surrounding areas. This launch occurred shortly after South Korea reported incursions by Chinese and Russian military aircraft into its air defense identification zone, suggesting a possible signal of solidarity with Beijing and Moscow amid growing trilateral military cooperation.
The plenum resulted in the approval of discussions on five agenda items, including finalizing preparations for the upcoming congress and reviewing the five-year economic plan adopted in 2021. Analysts expect limited public disclosures from this meeting, reserving major policy announcements for the formal party congress. Key points under observation include the potential institutionalization of "Kim Jong-un’s revolutionary thought" as an official guiding ideology, the possible revival of the abolished state presidency system to strengthen Kim's authority, and the formal adoption of the "two-state theory" in the party charter, signaling a shift to treating South Korea as a hostile foreign state rather than a divided nation.
Additional interests include signs of internal reforms, such as anti-corruption measures, tighter party discipline, or reorganization of economic and administrative bodies, as Kim prepares his governance priorities for the next five years. The regime appears to be maintaining a calm, domestically focused stance ahead of the congress, emphasizing internal party management over external messaging.
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