The July issue analyzes North Korea's current economic situation and its development potential. As of 2024, the North Korean economy faces a critical juncture, with rapid growth possible if denuclearization and reforms are implemented. However, North Korea's continued confrontational stance has resulted in prolonged economic stagnation. The review examines economic reform cases in China and Vietnam. China's reforms since 1978 have led to a twelvefold GDP increase and an eightfold per capita GDP increase. Vietnam's Doi Moi policy, initiated in 1986, has achieved a 6.2% average annual GDP growth over three decades, transitioning it to a middle-income country. Internal developments in North Korea show a growing prevalence of informal economic activities. Small-scale asset privatization and evolving market-centered relationships among economic actors are observed, suggesting potential for positive changes in the civilian economy upon reform implementation. The review also highlights North Korea's tourism resources as a potential economic driver. Case studies of Vietnam and Cuba demonstrate tourism's significant contribution to economic progress in transitioning economies. This issue illuminates North Korea's potential for change, emphasizing the necessity of resolving the nuclear issue and implementing economic reforms. It presents analyses and projections of North Korea's future transformation, outlining a blueprint for economic cooperation on the Korean Peninsula.