North Korea's fishing industry: Markets, private business, and foreign trade



Evergreen North Korea’s fishing industry: Markets, private business, and foreign trade New sanctions target a burgeoning entrepreneurial class often independent from the state Peter Ward August 25, 2017 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON HAMHUNG BEACH AT SUNDOWN DPRK NORTH KOREA OCT 2012 by calflier001 on 2012-10-25 09:17:30 When most people think of North Korea, they likely think of vast Stalinist combines pumping out steel and heavy machine tools, and collective farms that produce grain under the watchful control of the state. They do not think of merchants, markets, and workers in private firms making a steady income from doing an honest day’s work. This will not come as news to many a North Korea watcher, but it bears repeating: much of the country’s economy is now marketized. So what does that mean in the case of the fishing industry - recently targeted for the first time by United Nations Security Council (UNSC) resolution 2371? When most people think of North Korea, they likely think of vast Stalinist combines pumping out steel and heavy machine tools, and collective farms that produce grain under the watchful control of the state. They do not think of merchants, markets, and workers in private firms making a steady income from doing an honest day’s work. This will not come as news to many a North Korea watcher, but it bears repeating: much of the country’s economy is now marketized. So what does that mean in the case of the fishing industry - recently targeted for the first time by United Nations Security Council (UNSC) resolution 2371? Become a member for less than $5.75 per week. Unlimited access to all of NK News: reporting, investigations, analysis 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. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

Evergreen

North Korea’s fishing industry: Markets, private business, and foreign trade

New sanctions target a burgeoning entrepreneurial class often independent from the state

Peter Ward August 25, 2017

North Korea’s fishing industry: Markets, private business, and foreign trade

HAMHUNG BEACH AT SUNDOWN DPRK NORTH KOREA OCT 2012 by calflier001 on 2012-10-25 09:17:30

When most people think of North Korea, they likely think of vast Stalinist combines pumping out steel and heavy machine tools, and collective farms that produce grain under the watchful control of the state. They do not think of merchants, markets, and workers in private firms making a steady income from doing an honest day’s work.

This will not come as news to many a North Korea watcher, but it bears repeating: much of the country’s economy is now marketized. So what does that mean in the case of the fishing industry - recently targeted for the first time by United Nations Security Council (UNSC) resolution 2371?