3   The economy

Economic background

In the 1930s the area now constituting the North was more rapidly industrialized, especially in terms of heavy industry, than the South (Suh 1983: 199). In 1943 80 per cent of the North's gross industrial production was classified as heavy (Van Ree 1989: 54). In 1945 the North's share of total Korean production was as follows: heavy industry 65 per cent; light industry 31 per cent; agriculture 37 per cent; commerce 18 per cent (Halliday 1987: 19). In 1946 agriculture contributed almost 60 per cent of national product (Yoon 1986: 61), while more than 90 per cent of industrial establishments were nationalized (Chung 1986: 189).

One of the world's dramatically successful newly industrialized countries (NICs), ...

Get North Korea now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.