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About the Author
Seonghyeon
Seonghyeon is a defector who was born and raised in North Korea and lived there until he escaped in 2019. He now resides in South Korea. He previously wrote columns for "Ask A North Korean" under the pseudonym Joshua Kim.
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Ask A North Korean Ask a North Korean: What is the process for getting a loan in North Korea?While the national bank does not provide loans, there are other ways to borrow money for business endeavors
 “Ask a North Korean” is an NK News series featuring interviews with and columns by North Korean defectors, most of whom left the DPRK within the last few years. Readers may submit their questions for defectors by emailing [email protected] and including their first name and city of residence. Today’s question is about how North Koreans can borrow money in the at least nominally socialist country. Joshua Kim (a pseudonym) — who was born and raised in North Korea and lived there until he defected in 2019 — writes about why North Koreans can’t take out loans from the bank, the © Korea Risk Group. All rights reserved. |
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