VOICED : North Korea reforming economy while denying change

The video explores the Pyongyang Silk Factory, highlighting its production capabilities and the grades of silk it produces. It delves into North Korea's adherence to the Juche ideology, emphasizing self-sufficiency and socialism. Despite this, economic changes are evident in Pyongyang, with the emergence of taxis, smartphones, and black markets, indicating a slight shift towards capitalism. The North Korean government allows some capitalist practices to meet the people's needs, similar to China's approach in the 1980s. However, the regime continues to project an image of socialist utopia, maintaining its belief in superiority over free-market systems.

How has the economic landscape in Pyongyang changed in recent years?

What is the significance of black markets in North Korea's economy?