Economic Reform in North Korea

  • Frederick Nixson
  • Paul Collins


The Democratic People’s Republic of Korea has for long been one of the most isolated economies in the world. The Korean peninsular was occupied by Japan in 1905, was formally declared a colony in 1910 and integrated into Japan’s ‘highly militarised empire’1 until the end of World War II. 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 in the north, divided at the 38th parallel from the south (the Republic of Korea (ROK)). The regimes in the DPRK and the Republic of Korea both continue to claim jurisdiction over the entire nation.


Direct Foreign Investment Foreign Trade United Nations Development Programme World Order Export Promotion 
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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1996

Authors and Affiliations

  • Frederick Nixson
  • Paul Collins

There are no affiliations available

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