How North Korea’s Economy Thrives On Its Black Market

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As the hermit kingdom, North Korea is closed off from global trade, but the nation has a loophole. So how does North Korea’s black market work?

Learn More:

Years after the famine, here’s how North Koreans really get by
http://blogs.reuters.com/great-debate/2015/04/13/years-after-the-famine-heres-how-north-koreans-really-get-by/
“Private trade has become so prevalent in recent years that it permeates all levels of society, from the poorest through to the Communist Party and military elites.”

Kim Jong-un’s recipe for success: private enterprise and public executions
http://www.theguardian.com/world/2015/oct/07/north-korea-recipe-for-success-economic-liberalisation-public-executions
“There is some truth in this description but it does not represent the whole story. He may have a penchant for executions, but Kim is also the first ruler of the dynasty to implement market-oriented reforms.”

North Korea: Black economy swelling disposable incomes
http://www.ibtimes.co.uk/north-korea-black-economy-swelling-disposable-incomes-1526324
“Though not officially acknowledged, a “grey economy” has evolved over the past two decades, a development that has accelerated under leader Kim Jong Un, experts say.”

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