Assessing N. Korea’s efforts to encourage private business

Since gaining power, North Korean leader Kim Jong Un has adopted various policies aimed at reforming the country’s business environment. The regime amended its enterprise law twice in 2013 and 2015 to allow businesses to raise their own funds. This year, a constitutional amendment laid the groundwork for the “Socialist Enterprise Responsibility System.” These efforts … Continue reading Assessing N. Korea’s efforts to encourage private business