North Korea > Snapshot

North Korea, one of the last remaining centrally planned economies in the world, is considered by many investors to be the most closed economy in the world. Nearly all sectors, including retail and banking, remain controlled by the government.

Although only 18% of the land is arable, agriculture is the livelihood for nearly one third of the population. However, the country has experienced food shortages as farms have been inefficiently managed and the workforce has been reallocated to industrial activity.

In recent years, the economy has opened up to some foreign investors from South Korea, Europe, and China.

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Key insights for investment for the local market

How to invest in North Korea

How to do business in North Korea

How to bank in North Korea

Macroeconomic environment.

Microeconomic environment

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