Growing Illegal Housing Market in North Korea In North Korea, the state is responsible for the construction of houses and providing free homes for workers, at least in theory. In North Korea, the state is responsible for the construction of houses and providing free homes for workers. Houses are supposed to be systematically distributed through the various organs among the Korean Workers Party, government institutions and enterprises. The distribution of state housing is a part of the same socialist distribution system that guarantees clothing, food and housing for the citizenry. The majority of all houses are state property, belonging to the social collective unit. As such, selling, renting, and collecting any kind of financial reward on such properties is forbidden. However, in recent years, the state is no longer able to supply houses to fill the people’s demands. During the course of the severe economic hardships that gripped North Korea during the mid-1990s, people were faced with the reality that they had to sell whatever they could to survive. For many, the sale of houses offered a much-needed source of emergency capital. As a result, a housing market gradually appeared, both in the urban and rural areas of North Korea. This report reveals the reality of the underground housing market in the country’s northern city of Hoeryong.... Read more>>> asiapress.org/rimjingang/english/report/2014-07-09/
Posted on: Fri, 11 Jul 2014 07:37:32 +0000
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