Over the past three decades, North Korea has experienced a period of economic change, most notably in the development of the market. North Korea maintains that it operates a tightly controlled planned economy, the elements of which are poorly understood by the international community. Currently,...

"According to North Korea's 2008 census, about 88% of the population aged 20-59 are officially employed in socialist sectors. However, the actual share of the employed population who can afford a decent living is estimated at 31%-62%. As for North Korea's PPP-based per capita income-calculated...

For researchers who study the North Korean economy, one of the most unknown and interesting areas is North Korean statistics. There are many questions such as: Do statistics on the North Korean economy even exist? If not, how do overseas researchers conduct their studies? and If so, can we trust...

Many agree that the economy of North Korea has changed under the Kim Jong-un regime, but there are often different interpretations as to whether these changes are in line with the continued transformation from the 1990s or they should be seen as a completely separate trend. And the way of...

According to North Korea's 2008 census, about 88% of the population aged 20-59 are officially employed in socialist sectors. However, the actual share of the employed population who can afford a decent living is estimated at 31%-62%. As for North Korea's PPP-based per capita income - calculated...

For researchers who study the North Korean economy, one of the most unknown and interesting areas is North Korean statistics. There are many questions such as: Do statistics on the North Korean economy even exist? If not, how do overseas researchers conduct their studies? and If so, can we trust...

"Ever since the Alibaba Group went public on September 19, 2014-with an initial public offering of a record-breaking $25 billion-Jack Ma, the founder and charismatic "spiritual leader" of the e-commerce behemoth, has been making headlines around the world. In 2014, the company's online...

A generalization and the widespread use of foreign currency in North Korea is called dollarization. Opinions are mixed over the backgrounds and the causes of the phenomenon, whether it is peculiar to the North, what it implies about the reality, and what effects it will have on the North's...

One of the most important variables in the study of the North Korean economy is market prices and foreign exchange rates. This is because of the assumption that the two variables immediately reflect the status and trends of the North Korean economy. In fact, many North Korean economic studies...

Many agree that the economy of North Korea has changed under the Kim Jong-un regime, but there are often different interpretations as to whether these changes are in line with the continued transformation from the 1990s or they should be seen as a completely separate trend. And the way of...