In Cheongjin, North Korea, every few days, vendors receive a mysterious package weighing 100 kg from Japan. Although the jackets, jeans and skirts inside are abandoned by Japanese consumers, they are of better quality and more fashionable than those made in North Korea.
The same black market, and North Korea's real estate market. It is still illegal to buy and sell real estate in North Korea, but this phenomenon is becoming more and more common and complicated. Some people even bought multiple properties in the names of relatives, because the government stipulates that only one suite can be registered under one person's name.
It is estimated that the real estate price in North Korea has increased by 10 times in the past decade. Who caught the first bucket of gold here? According to Korean media reports, there are emerging rich people in their twenties and thirties in North Korea. Although their identity is not clearly pointed out, it is certain that they are not from ordinary families.
These post-80s and post-90s Koreans, deeply influenced by marketization, actively use scissors to earn wealth. They will even cooperate with the government and directly participate in the development of real estate. The North Korean government, like other private economic forms, generally turns a blind eye to this.