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The North Korean government, therefore, does collect revenue, in a manner which has been compared to a taxation system by international observers. However, inside North Korea the word "tax" is not used, and the term for state revenue has been variously translated as "socialist income accounting", "socialist economic management income", and in ...
The establishment of this zone also had ramifications on the questions of how far North Korea would go in opening its economy to the West and to South Korea, the future of the development scheme for the Tumen River area, and, more important, how much North Korea would reform its economic system. [33] North Korea announced in December 1993 a ...
The Ministry of Finance (Korean: 조선민주주의인민공화국 재정성) is a government ministry in North Korea which is responsible for planning and managing the economic policies of the Democratic People's Republic of Korea. It deliberates the budget, establishes tax and economy policies, establishes fiscal policies and national ...
Despite these reforms, North Korea remained committed to its socialist principles, particularly the pursuit of self-sufficiency. [3] The collapse of the Soviet Union in the 1990s necessitated a loosening of central control, as resource shortages compelled the government to grant more autonomy to lower units and individuals.
In North Korea, the songbun system heavily regulates access to public education, and people with a modest background have a difficult time to get into universities such as Kim Il Sung University. Andrei Lankov, however, welcomed a crackdown of the private education by North Korean officials, despite having doubts about corruption and ...
North Korea has formal ties with 159 countries, but had only 53 diplomatic missions overseas, including three consulates and three representative offices, before it pulled out of Angola and Uganda ...
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From 1994 to 1998, North Korea suffered from a famine that resulted in the deaths of between 0.24 and 3.5 million people, and the country continues to struggle with food production. [5] North Korea follows Songun, or "military-first" policy. [6]