Search Results for: "Great Confiscation"

It’s still premature to say that the North Korean regime has retreated in its attack on the system of markets, known as jangmadang, on which the majority of the people had come to depend since the collapse of the state distribution system in the 1990’s. The best available information — and the qualifiers to the aforementioned phrase should be obvious — suggests that the regime has decided against pressing the attack in certain specific places for now. For the time...

The Washington Post’s Blaine Harden writes today that popular discontent over the Great Confiscation isn’t going away: It was an unexplained decision — the kind of command that for more than six decades has been obeyed without question in North Korea. But this time, in a highly unusual challenge to Kim’s near-absolute authority, the markets and the people who depend on them pushed back.  Grass-roots anger and a reported riot in an eastern coastal city pressured the government to amend...

[Update: The Daily NK thinks the ban is “not news.”] So how worried is North Korea about the potential for more unrest and rioting? As of yesterday, it will ban all foreigners from entering the country until at least February to make sure there won’t be any foreign witnesses to any demonstrations or massacres. North Korea reportedly plans to ban foreigners from the country from Sunday until early February, apparently to allow unrest caused by this month’s shock currency reform...

A DAY AFTER I excoriated the New York Times for its awful North Korea coverage (well, it is …) their Ideas blog links and recommends my New Ledger post about the Ajumma Rebellion. I prefer to think they’re trying to appease me. =================== NORTH KOREA SANCTIONS ITSELF: So, exactly how much of a North Korean economy is still left if you suddenly and arbitrarily confiscate private savings and eradicate private markets? South Korea’s Hankyoreh newspaper quoted sources in China’s border...

[Updated below.] By now, it is December 7th in Pyongyang, and the period for exchanging old currency for new has passed. By filling the streets with troops and police, the regime has, for the moment, managed to contain the “fury and frustration” of people who, robbed of their savings and deprived of food rations, no longer know how they’re going to make it through the winter. For now, only isolated outbreaks of dissent are reported. The people know that this...