July 06, 2022

North Korea enacts new law urging businesses to save money and resources

A new decree was adopted in a rarely-publicized meeting of top Supreme People's Assembly (SPA) officials

Top members of North Korea’s parliament enacted a new law that requires businesses to take on extra land, energy and cost-saving practices, signaling that resources are tight in the country.

State media announced on Thursday that North Korea’s Supreme People’s Assembly (SPA) Presidium held a meeting on Nov. 4, where leaders added new measures to the existing “Law on Enterprises.”