Publication
HSF Korea’s Contribution to KORUM
In his article, Dr. Seliger notes that North Korea’s current economy is not what it used to be in the past describing its economic progress as relatively “impressive” and “showed a clear direction.” In 2020, however, North Korea’s economic crisis became severe after the clash of three disasters: strengthened sanctions, Coronavirus, and natural disasters. Although North Korea has been pursuing the “self-reliance” campaign, the recent shut-down of its border has drastically brought negative impacts. As the radical isolation brought adverse results to North Korea, Dr. Seliger questions the future decisions of Kim Jong-Un on whether he will open or close down the market economy.
