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FACILITATING DPRK MARKET ENTRY SINCE 1999

Donju renting factory space on the rise

1/10/2016

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From Daily NK: 
Recent reports have revealed that the practice of leasing portions of state-run enterprises out to the nouveau riche class, known as donju [literally, ‘money masters’], are thriving in North Korea. As more and more donju emerge, fueled by the rise in market activity in the North, state-run enterprises are increasingly renting out portions of factories in return for much-needed cash. 

Heads of state-run enterprises across the country, including the capital, are conspiring with the growing prosperous middle-class to create arrangements whereby they collect rent for allowing donju to set up shop in the same space. The two businesses ‘cohabitate’ and operate simultaneously in the same facilities," [the source] said, adding that in these situations donju typically run business like preschools rather than manufacturing goods. 
Continue reading. 
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