North Korean Review, Vol. 4, No. 1 (Spring 2008)

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About the Book

North Korean Review is the first academic journal in North America or Europe to focus exclusively on North Korea. The purpose of NKR is to provide readers with an improved understanding of the country’s complexities and the threat it presents to global stability.
International and interdisciplinary, NKR is a refereed journal published twice a year. Topics include culture, history, economics, business, religion, politics and international relations, among others.
Back issues are available to individuals $30 and to institutions for $75, and are subject to availability. On our website, the individual price is the default. Institutions interested in purchasing back issues may order online (we will bill you the difference in price), contact your subscription agent, or contact McFarland at 800-253-2187 or

About the Author(s)

Suk Hi Kim, a professor of international finance, is the coordinator of finance and international business at the University of Detroit Mercy. He is the editor of North Korean Review and the founding editor of Multinational Business Review. He lives in Plymouth, Michigan. Send editorial correspondence to Suk Kim, College of Business Administration, University of Detroit Mercy, 4001 W. McNichols Road, Detroit MI 48221, tel (313) 993-1264, fax (313) 993-1673, (Other correspondence to McFarland.)

Bibliographic Details

Edited by Suk Kim
Format: softcover (7 x 10), back issue
Pages: 164
Bibliographic Info:
Copyright Date: 2008
ISSN 1551-2789
Imprint: McFarland

Table of Contents

EDITOR’S COMMENTS (Suk Kim)      3


U.S. Sanctions and Treasury Department Actions Against North Korea from 1955 to October 2007 (Karin Lee and Julia Choi)      7

Legal Reforms and Foreign Investment in the Inter-Korean Project: The Kaesong Industrial Complex (Eul-chul Lim)      26

Impacts of the Korea–U.S. Free Trade Agreement on Inter-Korean Relations (SeungHyun Lee)      40

Which Country Will Be the World Economic Leader in the Next Generation: The United States or China? And the North Korean Factor (Suk Kim, Trevor Crick, and Junhua Jia)      56

Japanese–North Korean Relations After the Second Pyongyang Summit of 2004 (Hong Nack Kim and Jack L. Hammersmith)      74

The Evolution of North Korea’s Political System and Pyongyang’s Potential for Conflict Management (Andrew Scobell)      91

The Roles of South Korean Central and Local Governments in Inter-Korean Cooperation (Yong-Hwan Choi)      109

The Soviet Union’s Economic and Political Implosion: The Fate of North Korea (Will Sung Yang)      121


Book Reviews (Bernhard Seliger)      134

North Korean Newsbriefs (Alzo David-West)      142

North Korean Economic Data      151

Academic Sessions Organized and/or Attended by the Editor      156

The University of Detroit Mercy      161

Call for Papers      163

Book Reviews & Awards

“Has played a defining role in the field of North Korean studies…recommend[ed] that most academic and public libraries subscribe in order to provide relevant information about Northeast Asian peace and economic prosperity.”—Library Journal.