A year after leader Kim Jong Un promised in a speech to bring an end to the "era of belt-tightening" and economic hardship in North Korea, the gap between the haves and have-nots has only grown with Pyongyang's transformation.Read More
North Korean farmers who have long been required to turn most of their crops over to the state may now be allowed to keep their surplus food to sell or barter in what could be the most significant economic change enacted by young leader Kim Jong Un since he came to power nine months ago.Read More
In his last public appearance, late North Korean leader Kim Jong Il went shopping. He peered at the prices affixed to shelves packed with everything from Pantene shampoo to Pabst Blue Ribbon beer. And he nodded his approval of Pyongyang's version of Walmart, which was soon to open courtesy of China.
The visit played up a decidedly un-communist development in North Korea: A new culture of commerce is springing up, with China as its inspiration and source.Read More