Who owns North Korea's businesses? | NK News
NK News Logo
October 11, 2024
Evergreen

Who owns North Korea’s businesses?

While enterprises are owned by the state, private entrepreneurs usually run the show

A couple of years ago, I spoke to a small group of North Korean refugees who described the topography of their native town. Among other things, they mentioned a handful of upscale restaurants located near the city's Workers' Party headquarters. When asked who owns these establishments, the refugees – without any hesitation – explained it was the state which owned and operated these restaurants.

However, just a few minutes later, our conversation took an unexpected turn. They mentioned an expensive mansion, recently built by a well-to-do local woman, and added that this woman owned at least two of the restaurants mentioned above.

Try unlimited access
Only $1 for four weeks

  • Unlimited access to all of NK News: reporting, investigations, analysis
  • Year-one discount if you continue past $1 trial period
  • 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.