But its statues the really big, bronze, monumental ones on foreign shores are what appear to have caught the attention of the UN Security Council.
In one of the odder items on the list of things North Korea can't export under United Nations' sanctions, statues were explicitly listed for the first time last month when the Security Council approved a raft of punishments in response to Pyongyang's latest nuclear test, which it conducted in September.
Moreover, sanctions advocates and proponents of isolating Pyongyang for its nuclear program believe Mansudae, and particularly its export arm, Mansudae Overseas Projects, is being used to quietly maintain, expand or obfuscate the nature of its relations with other countries.
Africa has traditionally been Mansudae's prime export market it's sold to 17 African countries, ranging from Angola to Zimbabwe.
Business hasn't exactly been booming.
In July, Namibia terminated the services of Mansudae Overseas Projects after UN monitors claimed it was involved in several military construction projects. Namibia had been a regular Mansudae customer, including the project to build its State House, which was completed in 2008.
The UN statue sanctions won't likely hurt North Korea's coffers much.
The North's total income from selling statues abroad has been estimated at about $160 million, or only about $10 million a year. That's compared with the estimated impact of the new restrictions on coal exports, which the US has said could cost Pyongyang as much as $700 million.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
