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Institutional Entrepreneurs in North Korea: Emerging Shadowy Private Enterprises Under Dire Economic Conditions

Authors
Lim, Jae-CheonYoon, InJoo
Issue Date
2011
Publisher
MCFARLAND & COMPANY, INC, PUBLISHERS
Citation
NORTH KOREAN REVIEW, v.7, no.2, pp.82 - 93
Indexed
SSCI
SCOPUS
Journal Title
NORTH KOREAN REVIEW
Volume
7
Number
2
Start Page
82
End Page
93
URI
https://scholar.korea.ac.kr/handle/2021.sw.korea/110884
DOI
10.3172/NKR.7.2.82
ISSN
1551-2789
Abstract
This paper analyzes North Korea's private business entities that are considered to be "shadowy" for three reasons: First, shadowy private enterprises (SPEs) are "not officially recognized" as legitimate corporate entities by the government. Second, they are "not permitted to be registered" in the official enterprise list. Third, because of these two reasons, they are "ostensibly unidentified" under the country's socialist economy. The paper classifies SPEs into two categories: SPEs that are officially state-Owned enterprises (SOEs) but are private in nature (financed and managed by private individuals) and those emerging in newly created economic areas. As institutional entrepreneurs, SPEs represent the interests of various market forces, leverage resources to develop market institutions, and contribute to the transformation of economic institutions. This article was funded by Korea University.
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College of Public Policy > Korean Unification, Diplomacy and Security in Division of Public Sociology and Korean Unification/Diplomacy > 1. Journal Articles

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Lim, Jae Cheon
공공정책대학 (공공사회·통일외교학부 통일외교안보전공)
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