EPISODE · May 19, 2026 · 5 MIN
Shadow State: The Secret History of North Korea’s Room 39
from Spy Craft · host Circle Of Insight Productions
Deep within the closed borders of Pyongyang sits Room 39, a highly secretive government branch dedicated to generating hard foreign currency for the North Korean regime. This gripping investigative episode unpacks the shadowy world of state-sponsored operations, tracking how billions of dollars flow through global networks via illicit trade, counterfeit currencies, and state-sanctioned smuggling. Discover the high-stakes intelligence operations that have spent decades trying to expose and dismantle the world’s most elusive financial network.
What this episode covers
Deep within the closed borders of Pyongyang sits Room 39, a highly secretive government branch dedicated to generating hard foreign currency for the North Korean regime. This gripping investigative episode unpacks the shadowy world of state-sponsored operations, tracking how billions of dollars flow through global networks via illicit trade, counterfeit currencies, and state-sanctioned smuggling. Discover the high-stakes intelligence operations that have spent decades trying to expose and dismantle the world’s most elusive financial network.
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Shadow State: The Secret History of North Korea’s Room 39
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