A Study on the Economic Reform in North Korea under Kim Jong Un: Focusing on the “Our Style of Economic Management”

Since North Korean leader Kim Jong Un took power, the North Korean economy has undergone significant changes in many aspects. At the core of these changes in the economy in the Kim Jong Un era is the official approval of state-owned businesses’ participation in the market economy and the adjustment of the roles of the state and business, both changes that were institutionalized through revisions of economic laws such as the People’s Economic Planning Act and Trade Act.