All in Asia

Analysis | Virtual Currencies are Handing North Korea an Economic Lifeline

North Korea's foundational ideology, 'Juche', is often loosely translated to 'self reliance', the commitment that North Koreans harvest their own collective success as a means of immunising the state from foreign pressure. Born from Juche, North Korea's wholesale rejection of international engagement has resulted in an inverted, seemingly impenetrable economy bolstered by illicit money and goods.