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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 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 ...
my country) [1] is the official web portal of the North Korean government. [3] It was the first website in North Korea, and was created in 1996. [ 4 ] The portal's categories include politics , tourism , music , foreign trade , arts , press, information technology , history, and "Korea is One".
Pak Nam-gi, the director of the Planning and Finance Department of North Korea's ruling Workers' Party, was blamed for the disaster and later executed in 2010. [116] A Koryo cash card reader in 2012. In 2004 and 2006 laws were passed to codify rules for savings and commercial banking.
In any case, North Korea is known for its poor human rights and regularly detains thousands of dissidents without trial or benefit of legal advice. According to a US Department of State report on human rights practices, the government of North Korea often punishes the family of a criminal along with the perpetrator.
Economic reforms in North Korea has been encouraged by China. While visiting Pyongyang in June 2019, Chinese paramount leader Xi Jinping said that Kim Jong Un had “initiated a new strategic line of economic development and improving people’s livelihoods, raising socialist construction in the country to a new high tide.” [ 10 ]
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]
The 1972 constitution saw the establishment of the post of President of North Korea which led the executive branch, and the cabinet was split into two organizations: The Central People's Committee (Korean: 중앙인민위원회) and the State Administration Council (Korean: 정무원). The Central People's Committee provided the highest visible ...