The Democratic People’s Republic of Korea: The Reluctant Reformer
The Democratic People’s Republic of Korea (hereafter DPRK) has long been one of the most isolated economies in the world. The Korean peninsular was occupied by Japan in 1905, formally declared a colony in 1910 and was integrated into Japan’s ‘highly militarised empire’ (Halliday, 1983) until the end of the Second World War. The northern part of Korea was liberated by the Soviet Red Army in August 1945 and Soviet occupation continued until late 1948, when the DPRK was formally established, with the North and South (the latter called the Republic of Korea) divided at the 38th parallel. The regimes in both the DPRK and the Republic of Korea continue to claim jurisdiction over the entire nation.
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