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Satellite-Based Analysis of North Korea’s Market System

Jangho Choi
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Jangho Choi: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP)

No 25-18, World Economy Brief from Korea Institute for International Economic Policy

Abstract: The findings of this study suggest that satellite imagery enables a disaggregated analysis of North Korean markets by region, subregion, and economic actor, offering a multi-dimensional perspective on market dynamics. Specifically, the results indicate that North Korea’s markets have been expanding over the medium to long term. While COVID-19 containment measures and border closures led to a temporary contraction in market activity, they did not fundamentally reverse the trajectory of market growth.

Keywords: North Korea Economy; Satellite data (search for similar items in EconPapers)
Pages: 7
Date: 2025-06-24
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