Economic of

NORTH KOREA
2017

RK
M IC S WO
A E CONO M
R T H KORE O N E Y FR O
H OW
NO TS M
KO RE A GE M ON E
Y
R T H H E I R
H OW
NO ES T
KO REA US
H
N OR T
H OW
By Korn & Ta

Background information
Korea has been split into two-difference
country in 1950 until now. The
Democratic People's Republic of Korea of
communist people in Korea has different
ways of thinking because of this reason
Korean divided into North Korea and
South Korea. In North Korea, they
controlled by the communist system that
leads by Kim ii sung. Democratic People's
Republic was known as unreformed and
isolated. A communist country also has a
dictatorial command of the economy,
which can cause to be an undeveloped
country. The economic of North Korean
contain limited foreign investment, and Best known in military
their only three important trades which
are only China, Russia, and South Korea.

pg. 1
 North Korea 2017

North Korea economic background

North Korea have two type of economic in their
country. The people economy and royal court economy.

The people economy was founded by Kim II song
it is a type of typical socialist economic system. The idea Fact
was to use their citizen as work labor control by the Party
and Cabinet or the government. They provide plan that
tell what did people need to produce for the good and
service. After the government receive the supply and If one person violates a law or is
then return it to the people in form of food and daily sent to prison camp, it affects
essential their whole family.
Grandparents, parents, and
children of the violator are sent
The royal court economy was founded by Kim
to work with them.
Jong IL and was developed by Kim Jong un. The royal
court economy control by the leader of north Korea can
took money from the people economic by just take the
money from the Party and Cabinet. This cause more than
60 percent of the entire North Korea turn into royal
economic. Because of the people economic isnt stable
and the royal court economic make it worst. North Korea
have a very low GDP of 4.9 in their economic that rank in
180 of every country in the world. It is considered a
repressed economic which mean the government control
almost everything in the economic.

Where did North Korea get their money from

North korea economic have a lot of labor which work 7 day per week with less vacation time. So they
have a strong labour to produce many different king of good that was shipped to their friendly communist country
such as china and russia.
But that isnt the only way that north korea get their money from many of north korea income was from
china which secretly support north korea economic in the shadow. Most of the good that north korea export was
also bought by china. There are also other way north korea earn their money such as weapon trading in the middle
east and a very big industry inside north korea that keep export drug through black market. There are also many
rumor of the other illegal way that north korea get their money such as cybercrime and black market trading.

pg. 2
2
 North Korea 2017

Government
North Korea people don't have any freedom at all, which mean that North Korea people can't have
their own choice. According to GDP score of 4.9 in North Korea. The government controls almost every part
of the country economic. Every property in North Korea belongs to the state of Government. The government
in North Korea, mostly spending on the military. High military spending leads to scarce of resources, which
are very bad for the country. In this situation, can leads to state crackdown. North Korea government has 3
branches Executive, Judicial and Legislative but all of them is control by Kim Jong-un. In every chattel
property are also controlled by Government. There also a lot of Bribery and corruption in some of the state
with a high-level economy area, such as Black market zone in North Korea. Black Market in North Korea is
general. Jangmadang is a very big market that included black market in North Korea. The Jangmadang market
ground used for farmer's market, local market and the black market. Black market popular in fake goods
product.

North Korea spending

Kim jong il the founder of north korea have a military first policy. Which mean that
North korea care military more than anything else. The money that the royal court economic get and
other from different place were being used more than half to the military. This happen because of
North korea first policy that believe military is the most important thing while the rest of the money
were divide that into many different section and until it reach the north korea citizen there is just not
enough money for them.

This cause north korea people to work very hard and get only a few money back and
make other country look north korea as a country that abuse the human right of its own citizen.

pg. 3
3

.Suspendisse ornare