Five years of Kim Jong Un: How has North Korea's economy fared? | NK News
June 17, 2024
Evergreen

Five years of Kim Jong Un: How has North Korea’s economy fared?

In the second part of a six-part series, experts assess the new leader's economic performance

This is part of NK News’ series of opinion and analysis of the first five years of Kim Jong Un’s rule.

When Kim Jong Un took power just over five years ago, North Korea was something of an economic basket case, with stagnant growth, a crippled agricultural sector, and a system of economic planning riddled with corruption and mismanagement. The country's saving grace, it seemed, was its burgeoning private marketplaces, providing goods that the state-approved planned economy simply could not.

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.