Long regarded as the economic basket case of Northeast Asia, since Kim Jong Un's accession to power there have been increasing signs that Pyongyang may now be serious about much needed economic reforms.
From announcing the creation of 20 new special economic zones, reforming foreign investment rules, and improving rules and salaries for farmers and workers, numerous developments since early 2012 have indicated that North Korean policy-makers are increasingly eager to experiment with capitalist approaches.
Long regarded as the economic basket case of Northeast Asia, since Kim Jong Un's accession to power there have been increasing signs that Pyongyang may now be serious about much needed economic reforms.
From announcing the creation of 20 new special economic zones, reforming foreign investment rules, and improving rules and salaries for farmers and workers, numerous developments since early 2012 have indicated that North Korean policy-makers are increasingly eager to experiment with capitalist approaches.
Try unlimited access
Only $1 for four weeks
-
Unlimited access to all of NK News: reporting, investigations,
analysis
-
Year-one discount if you continue past $1 trial period
-
The NK News Daily Update, an email newsletter to keep you in
the loop
-
Searchable archive of all content, photo galleries, special columns
-
Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting,
investigations, and analyses by our team of DPRK experts.
Subscribe
now
All major cards accepted. No commitments – you can cancel any time.
SHARE
COPY LINK
X
MASTODON
