Business Standard

As economy grows, North Korea's grip on society is tested

Despite decades of sanctions and global isolation, the North Korean economy is showing signs of life

North Korea, Kim, King Yong Un
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North Korean leader Kim Jong Un

Choe Sang-Hun Seoul
Despite decades of sanctions and international isolation, the economy in North Korea is showing surprising signs of life.
 
Scores of marketplaces have opened in cities across the country since the North Korean leader, Kim Jong-un, took power five years ago. A growing class of merchants and entrepreneurs is thriving under the protection of ruling party officials. Pyongyang, the capital, has seen a construction boom, and there are now enough cars on its once-empty streets for some residents to make a living washing them.
 
Reliable economic data is scarce. But recent defectors, regular visitors and economists who study the

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