Economic integration between North and South Korea occurs through three modalities: traditional arm's-length trade and investment, processing on commission (POC) trade, and operations within the Kaesong Industrial Complex (KIC). In order, these three modalities are characterized by decreasing...

The purpose of this study is to provide the analytical background of North Korea's trade expansion with Western countries in the early 1970's and examine in depth the resulting impacts on the North Korean economy. Indeed, this study explores the implications of the mechanism and consequences of...