This paper aims to identify major economic reform measures conducted by North Korea in the Kim Jong Un era and evaluate the characteristics, accomplishments, and limitations of the reform policy. After running several pilot programs since 2012, starting 2014, North Korea began to implement the so-called “Our Style Economic Management System” and “Socialist Enterprise Responsibility Management System.” These are characterized by the expansion of the scope of activities officially allowed to conduct in the market and the incorporation of market mechanism into the planning system. The North Korean economy in the Kim Jong Un era saw the dual structure where the planning and market systems exist in parallel being more firmly established. The economic management system in that era shares many characteristics of other economic reforms in socialist countries on the one hand; but on the other hand, North Korea’s economic reform has some characteristics that are different from those of other socialist economies

Abstract

Ⅰ. Introduction

Ⅱ. Conceptual Grounds

Ⅲ. Economic Reform Measures in Kim Jong Il Era

Ⅳ. Overview of Economic Reforms in Kim Jong Un Era

Ⅴ. Evaluation of Economic Reform Measures in the Kim Jong

Ⅵ. Conclusion

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