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Satellite-Based Analysis of North Korea’s Market System

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  • Jangho CHOI

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

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.

Suggested Citation

  • Jangho CHOI, 2025. "Satellite-Based Analysis of North Korea’s Market System," World Economy Brief 25-18, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:022489
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