“The North Korean Economy and Its Future: Change vs. the Status Quo”
The North Korean economy went through a turbulent period since the UN Security Council imposed unprecedented sanctions targeting North Korea’s key foreign currency earning exports. In response to the changing external dynamics and internal marketization, Kim Jong-un announced a “new strategic line” putting relatively more emphasis on economic development. In this context, our first North Korea Economic Forum Conference will examine the current state of the North Korean economy and North Korea’s adaptation and coping strategies. The first session will focus on North Korea’s changing monetary system, the likelihood of North Korea’s reform and opening up, and alternatives to inter-Korean economic cooperation. The second session will discuss North Korea’s economic coping strategies and the signs of political leadership adaptation in dealing with UN sanctions and changing security dynamics. The third session will examine the role of top-down economic policies and institutional strategy and bottom-up logistics revolution.