About the Author
Fyodor Tertitskiy
Fyodor Tertitskiy is a lecturer at Seoul’s Korea University. He is the author of "Accidental Tyrant: The Life of Kim Il-sung" and several other books on North Korean history and military.
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Analysis How the market system works in N.Korea and is sustainableThere’s plenty of motive for profit to go around – and little to buck the trend
North Korea, as probably every reader of NK News knows, is dominated by markets. A “market” is not only something that’s as far from “a state-controlled planned economy” as can be, it is also a place where people trade goods – including smuggled ones – talk more freely and gradually become more independent from Leviathan. This is certainly not good for the North Korean authorities. Kim Jong Il made numerous attempts to close the markets – and failed completely. This clearly shows that the markets have become a force to be reckoned with in North Korea – even the seemingly © Korea Risk Group. All rights reserved. |