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Under Kim Jong Un, marketization has been somewhat introduced to the current socialist system. In this commentary, Moon-soo Yang, Professor and Vice-President of the University of North Korean Studies, discusses the recent phenomenon of marketization in North Korea, the development of an informal labor market, and its implications on the regime. According to surveys cited in the commentary, there has been an increase in the number of enterprises run or owned by individuals. The author suggests that this would lead to an increase of people employed by such businesses. While the development of private enterprises remains a largely illegal process, privatization in North Korea nonetheless proceeded within a certain scope of institutional foundation; the institutions and policies have facilitated the demand and supply for private employment.
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