Connect with us

Interesting Things You Need to Know

The donju: North Korea’s capitalists

Published

on

North Korea remains a closed and tightly controlled socialist country, but recently a new social class called donju, Korean for money masters, have penetrated the bubble, according to The Wall Street Journal.

The donju hold prestigious state economy jobs that allow them to travel abroad. With this special freedom, the donju can ignore international sanctions on North Korea and unofficially make deals to gain personal wealth.

Popular products like Hermes handbags, Rolex watches, and smartphones have begun showing up inside a state that actively shuns much of the global community.

Although the government’s seemingly complicit relationship with the donju is unusual, the donju trace their existence to the first crack in the  regime — the famines in the 1990s. During that time, the state economy nearly collapsed and became unable to provide food for many of its people, and black markets emerged to fill the shortages with bold entrepreneurs bringing food across the border from China.
Over time, with the state failing to recover, black markets became a permanent fixture of North Korean life with some estimates registering two-thirds of all employees involved in them.

These days, the elite donju class sees their country’s abrasive international politics as a threat to future business and moneymaking. With economic development recently declared a top priority, North Korean Chairman Kim Jong-Un could be grooming some of his people to take full advantage of a more open market, some experts believe.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

King Cartoons

Upcoming Events

Aug
21
Tue
6:00 pm Well Checkup? How safe is your w... @ Warren County Community Center 
Well Checkup? How safe is your w... @ Warren County Community Center 
Aug 21 @ 6:00 pm – 8:00 pm
Well Checkup? How safe is your water? @ Warren County Community Center 
Click Here for an Informational PDF. We try to stay healthy with annual physicals, eating healthy foods, and exercising, but when was the last time that you checked the quality of your well water? If[...]
Aug
22
Wed
11:30 am Women in Networking @ Front Royal Women's Resource Center
Women in Networking @ Front Royal Women's Resource Center
Aug 22 @ 11:30 am – 1:00 pm
Women in Networking @ Front Royal Women's Resource Center
“More than just another networking group”. FRWRC WIN is open to all the women in our community. It was founded on the concept of women lifting each other up, through meaningful connections, opportunities to learn[...]
12:00 pm CASA Information Session @ Samuels Public Library
CASA Information Session @ Samuels Public Library
Aug 22 @ 12:00 pm – 1:30 pm
CASA Information Session @ Samuels Public Library
Do you have the compassion to help abused and neglected children in your community? Please join CASA Children’s Intervention Services at an Information Session at noon on August 22nd @ Samuels Library where you will[...]
Aug
23
Thu
3:00 pm Artisan Trail Snack N’ Learn @ Cafe Amore
Artisan Trail Snack N’ Learn @ Cafe Amore
Aug 23 @ 3:00 pm – 4:00 pm
Artisan Trail Snack N' Learn @ Cafe Amore
Take a break with us and learn where you fit on the Artisan Trail! Join us to learn more about the Artisan Trail, connecting creative and agricultural artisan studios/farms, markets, spirits, eclectic shops, art-related venues,[...]
Aug
24
Fri
6:00 pm 2nd Annual Blue Ridge Root to Ta... @ Hillbrook Inn and Spa
2nd Annual Blue Ridge Root to Ta... @ Hillbrook Inn and Spa
Aug 24 @ 6:00 pm – 10:00 pm
2nd Annual Blue Ridge Root to Table Summer Dinner @ Hillbrook Inn and Spa
Join us for the 2nd Annual fine dining open air feast to celebrate life & food with chefs from leading restaurants in Virginia and West Virginia.  We prioritize relationships with local farmers and community partners[...]