How North Korean state firms bend the rules to rake in cash from market activity
Newly revealed DPRK law details crackdown on use of special privileges to dodge taxes, embezzle funds and more
Editor’s note: This article is the first in a two-part series on what newly revealed North Korean laws reveal about the future of DPRK economic policy.
North Korea is not a market economy, but it does play host to a capitalist system all the same, with many different types of market-oriented state firms. Some of these firms and their operations are legal and preapproved, and their output is sold at near-market prices within bounds set by the state.
But much of what they do — though it might be good for their workers, consumers and
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- 03Why North Korea and the Philippines view each other with mutual distrust
- 04North Korea’s new silo-based missile raises risk of prompt preemptive strikes
- 05Why normalizing US-North Korea relations is a prerequisite for denuclearization
- 06North Korean planes active at Pyongyang airport hours after runway missile test
- 07North Korea using US-ROK drills as cover to carry out missile tests, experts say
- 08State media review: North Korea says rusty American bombs threaten capital
- 09Why the US might not actually try to shoot down a North Korean ICBM over Pacific
- 10Huge swath of Pyongyang under construction after state mobilized young people