North Korea’s markets after the sanctions | NK News
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September 28, 2026Sep 28, 2026

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North Korea’s markets after the sanctions

Prices look to be showing a modest upward trend, and sanctions only a small part of why

In the spring of 2013, the Kim Jong Un regime unilaterally withdrew the 50,000-plus of its citizens then working for firms in the Kaesong Industrial Complex (KIC). The withdrawal is said to have prompted an angry Jang Song Thaek to press his wife, Kim Jong Un’s aunt Kim Kyung Hui, to use her authority to have the leader reverse his decision. We don’t know whether the story is true; it may be apocryphal. Nevertheless Jang, we can surmise, was well-aware of the scarcity value of hard currency and its importance to his plans for the North Korean economy. Just six