What are the 'five important tips for starting a business in North Korea' that a North Korean defector talks about?
An interview with entrepreneurial researcher James Steinberg has been published on a North Korean who was born into a poor family in North Korea and has achieved some success in illegal business.
5 Tips to grow your North Korean Start-up – Mr. Steinberg
It is said that there are about 430 legal markets established in North Korea, but they are not enough for North Koreans, and there are black markets in various places where many products not covered in the table flow. It is said that it is.
The North Korean Sam (pseudonym) interviewed by Steinberg is said to have been born and raised in a poor local city with a black market nearby. During Sam's childhood, he saw North Korean border guards buying goods smuggled from China at the black market.
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When he was little, Mr. Sam received chocolate and other items from a Chinese who was a little older than himself, but as the Chinese gradually began to demand money, he wanted to get better things. It seems that the things he received have begun to be circulated to his friends. This is the beginning of Sam's business in the black market.
Mr. Sam, who had a poor household income of about 5,000 won (about 640 yen), began to do business with adults, and the products he handles will change from chocolates and puppies to cigarettes and motorcycles. Eventually, he started dealing with dozens of brokers, and when he had enough money, he escaped from North Korea with his mother.
Based on these experiences, Mr. Sam said, 'Five important tips for starting a business in North Korea' are as follows.
1. You may be shot if found by the border guard, but in most cases no one cares about you. What the border guard cares about is your product.
2. Please put the Chinese label on Korean products from above. The punishment for smuggling Chinese goods is much lighter than the punishment for smuggling Korean goods.
3. If there is a lake on the border, do not carry large luggage until winter comes. In winter, the lake freezes, so you can carry it more smoothly than on the highway. Also, because it's cold, the risk of getting caught by border guards is low.
4. Do not work with acquaintances. You don't want to put your acquaintance in jail. Brokers usually have a 'list of trusted people', so take advantage of it. Also, by using a contractor, you don't have to cut down on your profits and pay your workers.
5. Be careful where you store your money. I've been eaten by my puppy.
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