The Markets: Private Economy and Capitalism in North Korea?

Analysis, Economics
, by and The growth of markets and gradual changes in the economy are some the most significant developments to occur in North Korea over the last 20 years. An understanding of these fundamental changes is critical for the formulation of North Korea policy. In an effort to further investigate these evolving economic changes in North Korea, Beyond Parallel launched a pioneering and original data collection project in 2017 and 2018 on markets.

Pyongyang Gas Stations and Fluctuating Fuel Prices

Economics, Foreign Affairs, Infrastructure & Energy
, by and In July and September 2017, unconfirmed reports circulated about dramatically fluctuating gasoline and diesel prices in North Korea. There were also reports that China was planning to suspend or limit fuel exports to North Korea. Analysis of satellite imagery from around this period indicates that a fuel suspension of any significant length does not appear to have affected Pyongyang.

What are the Challenges for the New South Korean President?

Governance
, by and Exit polls from the May 9th election in South Korea indicate that Moon Jae-in will be the country’s next president. Moon will enter office after more than six months of domestic political turmoil following the impeachment of former South Korean president Park Geun-hye. Under these circumstances, Moon is likely to face a series of domestic and foreign policy challenges early in his presidential term.