May 29, 2024
Evergreen

How N. Korean defector-run businesses are changing lives

Defectors are becoming entrepreneurs - and healing the wounds of the past

Social entrepreneurs are offering the defector community something rare: opportunities that are tailored for the difficulties they face in their lives. And with a business model focused on North Koreans, this kind of entrepreneurship is providing an alternative to the intense world of South Korean capitalism.

Kim Jeong-tae is CEO of an "impact investing" and consulting company, Merry Year Social Company (MYSC)MYSC invests in two social enterprises related to North Korean defectors - investments that other companies tend to avoid because of the low short-term return on investment.

Become a member for less than $4 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.