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KDI - Korea Development Institute

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North Korea Economy KDI Review of the North Korean Economy, August 2024 August 30, 2024

North Korea Economy

Monthly published paper on the current status of the North Korean Economy and major
issues on inter-Korean economic cooperation assisting academia, policy makers and corporate sectors to better understand North Korea

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KDI Review of the North Korean Economy, August 2024
August. 30. 2024
Summary
The August issue addresses the challenges and improvement directions for policies supporting North Korean defectors. While these policies have seen continuous modifications, they now face new demands for qualitative changes. The government has established 'North Korean Defectors' Day' and reaffirmed its commitment, yet criticisms persist regarding the lack of tailored support, indicating improved policy efficiency. The city of Seoul has expanded its support, with around 20% of defectors residing there. The settlement status of these defectors is analyzed through demographics, economic activity, and social integration, offering policy insights. Economic hardship remains prevalent among defectors, underscoring the need for effective economic education. KDI's economic education program aims to enhance defectors' economic independence. There's a clear need for both quantitative and qualitative improvements in this education, requiring systematic and well-designed approaches to better support defectors' social integration and economic stability in South Korea.
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