The DPRK Economic Outlook 2024/2025 The DPRK Economic Outlook July 04, 2025
- Summary
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The year 2024 marked a pivotal moment in North Korea’s economic trajectory, defined by significant internal and external shifts. Domestically, the regime intensified its consolidation of control over economic governance, placing renewed emphasis on the Cabinet-centered system. This shift signaled a strategic departure from the semi-decentralized and informal mechanisms that had previously supported macroeconomic stability during the early years of Kim Jong Un’s leadership. Externally, North Korea’s growing military and economic cooperation with Russia opened new channels for sanctioned trade―particularly in the defense sector―while its economic engagement with China showed signs of stagnation, suggesting a potential recalibration of longstanding external dependencies.
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Article CHAPTER1. <Overview> Evaluation of the North Korean Economy in 2024 and Prospects for 2025
Jongkyu Lee 35p
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Article CHAPTER 2. Assessment and Outlook of North Korea’s External Economy in 2024
Kyoochul Kim 27p
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Article CHAPTER 3. Assessment and Outlook of North Korea’s Domestic Economy in 2024
Jinwook Nam 30p
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