North Korea is a very unusual place to do business. Markets are legal, but private property is not. Individuals cannot own machinery, land, or industrial buildings. Actually, North Koreans do not even own their own houses – they just hold tenancy rights.
Yet, North Korea has a thriving private sector, and private entrepreneurs manage and finance much of what on paper are goods and services made by state-owned enterprises (SOEs).
North Korea is a very unusual place to do business. Markets are legal, but private property is not. Individuals cannot own machinery, land, or industrial buildings. Actually, North Koreans do not even own their own houses – they just hold tenancy rights.
Yet, North Korea has a thriving private sector, and private entrepreneurs manage and finance much of what on paper are goods and services made by state-owned enterprises (SOEs).
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.
SHARE
COPY LINK
X
MASTODON
