Homemade processed foodstuffs affixed with factory brands can be seen everywhere in North Korean markets lately. Discerning ...

Kim Byung-yeon, a distinguished professor in the Department of Economics at Seoul National University, said on the 22nd, “A ‘hidden battle’ is unfolding between the North Korean regime and the markets ...

For decades, the black market economy has been a lifeline for North Korean citizens. It enabled them to trade goods and services in ways that both ensured their survival while offering some a chance ...