HomeНовости и политикаRelated VideosMore From: Bloomberg

Do North Koreans Actually Make Money?

3430 ratings | 291057 views
Less than 30 years ago, North Koreans were more than twice as wealthy as their comrades in China. Now, they're significantly poorer. Here's how it happened. ---------- Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/
Html code for embedding videos on your blog
Text Comments (375)
Monsanto GMO (4 days ago)
Where can I find North Korean pennies? I wrote a polite letter to NK, but they did not reply, I want a north Korean1p coin and an autograph.
Stacy Lynn (9 days ago)
Communists government of lies
Stalinist North Korea fails because it was forced to pay market prices to state-capitalist China after the USSR collapsed. Also the isolationist ideology of Kim Il Sung told them to rely on themselves and limit trade with the outside world. Today the DPRK is trading, but mostly with China. Despite the fact that they still have a planned economy, there is a black market economy running underneath it. Kim Jong Un and the military elite are controlling huge parts of the economy, they act as the ruling class of North Korea. It is said that all profits made by North Korean companies outside the country are put into the bank account of the Great Leader himself, we talking about billions here!
TunnelCat (1 month ago)
Nope, they make currency lol.
Johnny Bravo (1 month ago)
So where's the answer to the question?
barron8006 (2 months ago)
It's more like 40 dollars monthly, however, prices are highly subsidized so poor peole can afford goods, so that's more like 400 dollars a month PPP. North Korea was wealtheir per capita than South Korea until 1982. Much unfair trade, tech transfers, military protection, and out-right cash from U.S. tax payers for the last fifty years was responsible for the South's growth. North Korea got some cheap Soviet goods, military hardware and oil.
Lewis C. (2 months ago)
The only fat person in North Korea is the stupid leader! Fat fuck, while half of his people are starving!
Smug Smugly (2 months ago)
I hope the little rice propelled bastards are never seen again
Stefan Kovacevic (3 months ago)
wow looks like your economic sanctions really worked you scumbags. That is if this is really true and not bullshit propaganda
Arktrooper (3 months ago)
Korean War never ended as their was no proper treaty
Edwin Subijano (3 months ago)
Fucking rotten anti-North Korean propaganda !!! North Korea never bombed any other country unlike the US !!! The US have murdered millions !!!
justin Kassel (2 months ago)
Literally everything you have just said is wrong. Please shut the fuck up. You absolute idiot.
Darris Hawks (3 months ago)
If the DPRK has to sell drugs to get money in the face of brutal sanctions from the West, I support them.
萬歲普京 (3 months ago)
Dont worry, the president of South Korea will send them US dollars, "Moon Jae In" the President of RoK(south Korea)has just paraded in the street. of Pyongyang with his very dear leader& brother K.J. "K.J. " will get his cheque in USD within three working days! You guys really dont need to feel worry for the North Korean people, they were enjoying their lives under "1984" style communism! Mind your own business first........Christmas is due!
Current Batches (4 months ago)
0:39 Forget the droughts and floods; so much apologia. Those happen everywhere and one tenth of the population doesn't starve to death. It takes scumbag commies 'making plans' to get those results.
Current Batches (4 months ago)
"Here's article 3..." I'll bet, as a scumbag commie liar, you find that to be important in some way or other. Or hope to promote it as such. It isn't. Now I have to ask: Are you truly too stupid to understand the issue, or are you hoping your bullshit might find converts in those too stupid to realize the bullshit you're offering? Or both?
Current Batches (4 months ago)
"Also North Korea are Jucheist, not Communist." One more lying commie.
An Anna (6 months ago)
I live in the United States, I'm 50, and I have never, ever had a job. Not since I left high school... it's a connundrum... you couldn't get a job without experience, and you couldn't get experience without a job. I've lived off credit cards and food stamps for 30 years... ran up my credit card debt to $120,000 living as frugally as possible, declared bankrupcy, started all over again. Currently I'm at about -$7500 on 0% interest rate cards. Basically all the wealth I have is stuff I've recycled from other people's lives imploding or households going belly up.... I clean it up, fix it, make it my own. Now there are no jobs in the United States. They mostly fled to China 30 years ago before I even graduated. It's a hard life, and nobody will admit it... but most people in my neighborhood are way worse off than me. They have no jobs, or a very crappy retail job... no credit cards, and can't fix anything. You can go on sites like Monster or Indeed or SimplyHired and see thousands of jobs listed, but none of them are real... they are all fake. I feel bad for kids graduating today, or still believing the lie... go to college, graduate, get a job... there are no jobs, it was all a charade. I survived only by being insanely frugal, being very practical, seeing everything as a raw material or resource, recycling everything, repurposing everything, and basically getting while the getting was good... you may not need it now, but you will later.
Pepe (6 months ago)
Socialist shithole.
Дядя Федя (6 months ago)
Everyone worked for the State and everyone was provided by the State. Democrats wet dream
ZergforLoser (6 months ago)
Of course, they have the capacity to make money. It's a nation that could "self-sustain" for more than five decades. However, they are only doing so through the ways that are no better than terrorists and drug gangs. This is the reason why I consistently telling people that North Korea is not a nation. Having it as a UN member is a shame.
Marco (6 months ago)
O comunismo merda da Coréia do Norte é melhor que o da Brasil-bosta.
YipuTheDerp (6 months ago)
0:06 *wheeeeeeeeeeeeeeeeeeeeeze 'pRovIdeD bY tHe stAtE'*
Anthony Kernich (6 months ago)
worker 1 is just like a dole bludger in Britain
Viktor Vasilik (6 months ago)
riiiiiggghhhttttttt... because you should believe anything coming from Bloomberg when is comes to money lol. lying scums
AWSOMUS LATEST (6 months ago)
How they had famine...? They have a ocean with fish
ShaoChen Shi (6 months ago)
So as you see, communism doesn’t kill these people, famine do.
ShaoChen Shi (6 months ago)
Flood, typhoons, drought. Man couldn’t take fish as staple food for 10 years.
Apricot Theory (6 months ago)
Socialism is just like Islam = Their "true version" apparently has never been tried AND whenever a "False version" is tried, it leads to genocide and famine. Seriously, FUCK ISLAM, and FUCK LEFTIST ideology.
T Nelson (6 months ago)
Equality isnt equality of outcome
Jeff Cockmann (6 months ago)
the offices that get money for the NK government, they are into all kind of dirt, the are like a little gang in Macau
niel546 (6 months ago)
Korean war didn't end
Taco Stacks (6 months ago)
Why am I here?
why are we still here? just to suffer?
Carter is best (6 months ago)
African Pharaoh lol
African Pharaoh (6 months ago)
Taco Stacks cause you work for Kim
David Mehnert (6 months ago)
Why did Trump go to Singapore for a photo op? Because he believes in slave workers, starvation plans, and beachfront development deals? Because he certainly didn’t secure a nuclear deal. In fact, he gave Kim the legitimacy and protection on the world stage (certainly for the duration of the Trump Presidency) that meant he could keep his nukes—even market them to Kim- and Trump-allied dictatorships around the world—without worry of reprisal.
Conservative (6 months ago)
Most North Koreans are Koreans
Strafe (6 months ago)
I hate how western media thinks North Koreans are fucking aliens.
Rathod Sanjay Singh (6 months ago)
Stalin and Mao😂
Plasmoxy (6 months ago)
lMao 😂😂😂
LeeLicious (6 months ago)
2:50 That's viagra My friend who's a tour guide in Korea gave it to me as a souvenir
The Memelad (6 months ago)
so now i understand how that english youtuber found some marijuana plants near a beach in his north korea vlog
karl marx (6 months ago)
Fucking American propaganda
albert fish (6 months ago)
I thought Kim Jong un used his pubic hairs as currency
. (6 months ago)
KAR RAH (6 months ago)
Lol They are poor not Cuz of their salery but rather all the sanctions cuz they don’t have Jewish banks.. yet
TheSovietComrade (6 months ago)
North Korea we're more wealthier than China in 1989? Aren't China we're wealthier than North Korea?
Marius Fleury (6 months ago)
specialist youth base male this pleasure rely remind peer
Nu Duo (6 months ago)
(((Communism))) is very destructive and toxic to the Goyim.
ExposedCorn (6 months ago)
You know your country is The most isolated country in the world when other people ask if the people in your country make money
What if North Korea finds some expensive mineral and gets the second largest GDP and becomes allies with the USA
Kim Jong-il (6 months ago)
American Idiots
FoodforThought (6 months ago)
This question is so obnoxious, it's like asking "Do English people wear top hats all the time?"
Justin Watson (6 months ago)
the typing sound at the end really freaked me out
Nilguiri (6 months ago)
Where is "Pyongyong"?
Bezz80 (6 months ago)
The real question is, "Do Americans make money?" in the slave system. You people...fraudsters should be hung.
Guyana South America (7 months ago)
do the white man actually make money and buy everything he wan't.
awesomehead bros (7 months ago)
If they want money make drugs
cameron burke (7 months ago)
I just realised that Kim Jong Un is literally Jabba the Hutt. Crime syndicates Assassinations abroad Cult of personality They even look the same The resemblances is uncanny
Noisy Boy (3 months ago)
Jedi tricks don't work on the hurts.
Saladin Shadowmoon (3 months ago)
Ho ho ho jaja mam to za HAN Solo ho ho ze ze mama to to
Leto Atreides (4 months ago)
Beware of north Korean assassins Cameron! Kim does not like funny guys.
Aawin Matriano (7 months ago)
Korean War didn’t end in the time frame you posted. It was an armistice.
EGEY SH*G (7 months ago)
Why does North Korea make money there people just eat dirt.
achancery10 (7 months ago)
The first 1 minute and 40 seconds is so wrong it’s unreal. Their economy collapsed because they stopped getting subsidized by the failure that was the Soviet Union. But let’s blame generations of poverty and strict dictatorship on a drought.
Avelino Davila (7 months ago)
how is 3,000 won equate to a street value of .40?
Matthew Creary (7 months ago)
All governments are inherently the same...POWER HUNGRY BUSINESSES.
Davis Wetter (7 months ago)
The Korean War didn’t end until 2018
Regimeshifts (7 months ago)
So you pose the question, and you dont answer it. Great/
Baxter Ross (7 months ago)
Is this communist propaganda?
Kyle west (6 months ago)
Baxter Ross are you stupid? North korea isn't communist
Casper G (7 months ago)
ye but realisticly what can they even do if they simply dont have the resources ??????????
Ras Putin (7 months ago)
#1 in arms seller in black market. #1 in producing counterfeit us currency. No wonder us is mad, hates competition!
Event Horizon (7 months ago)
Office 39!! That's a cool name
FurkanSE (7 months ago)
DrAluful (7 months ago)
fuck usa, the only real terrorists on this planet. america first MY ANUS!
Augustuvi Primce dea.V. (7 months ago)
and they make fake US dollars, counterfeit bill industry is booming
H Eck (7 months ago)
Trump gonna win 2020
Dino Kross (7 months ago)
(((Communism))) is toxic to the Goyim.
sourab saklecha (7 months ago)
"After the end of the Korean war..." ???? The Korean war never ended Bloomberg! It's still on...get your facts right.
Conrail Freight 2127 (6 months ago)
sourab saklecha they when they just stopped fighting
Dalmain J (7 months ago)
Kim 2021! That's when he gon bomb us 😂
koo jaba (7 months ago)
Kim have raw material under his land about $6-10 trillion USD in case you wonder. why ? US News and US government piss of so much . After he open North Korea country. he and his friends (south Korea, china and Russian) will become one group of the riches country in the word.
Hoo- Rei (7 months ago)
NK will go with China to help the food situation. China is turning deserts in Mongolia into fertile soil & growing food there.
zoyzoycornface (7 months ago)
they were quiet wealthy before the fall of the soviet union
Catobis (7 months ago)
zoyzoycornface Because Russians gave them money and help
jose chavez (7 months ago)
Why y'all trying be like Vox?
Kevin Yu (7 months ago)
by the math, chinese are almost 3 times poorer than north koreans, this makes 0 sense to me
SMGJohn (7 months ago)
Can I have evidence? Oh wait, its not real is it? Explains it all kind of like the flat earthen, inbred and thinks the moon landing was fake the only evidence they can provide is the medical documents for their own insanity.
sweiland75 (7 months ago)
North Korean men don't work?
Its Rin (7 months ago)
'switching to a more china-like system' whats the difference?
Steven Lee (3 months ago)
said someone never knew what the real communism is
Mozart (6 months ago)
It's abandoning communism without admitting it has failed miserably. Typical communist story.
MiguelPpM (7 months ago)
Its Rin China is adopting capitalist principles although the communist party stays in power.
Anonymous Anonymous (7 months ago)
it's not true that 3k won is 40 cents. 3k won is actually around $3.50. Get it right Bloomberg.
Seong Hong (3 months ago)
North Korea. 3000won = 40cents South korea. 3000won = $ 2.70
Ikreisrond (7 months ago)
Actually the concept of our economic system is like many millennia old. It’s like we would still transport goods by donkeys, cook with wood fires and hunt with bow and arrow. So basically they would turn back to an ancient system.
Infantile Ultra (6 months ago)
Ikreisrond capitalism is less than 300 years old
Mr. Popo (6 months ago)
a famine didn't just happen because of natural occurrences.. otherwise, the south would have starved too or at least had shortages. Famines are a result of a failed system. Communism always causes starvation, even if it takes a few years...
Mr. Popo (7 months ago)
You may be unaware of the extent of the repression and horrors caused by central planning and totalitarian governments.
ndrthrdr1 (7 months ago)
You may be unaware of the extent of the sanctions.
Mr. Popo (7 months ago)
ndrthrdr1 there's no reason for starvation they can grow their own food, in fact in the 90s the US Gave food to dprk. Mismanagement and corruption kills people like in every other communists country
ndrthrdr1 (7 months ago)
U.S. sanctions have produced poverty there.
John Carter (7 months ago)
They use monopoly money, a game is N-Korea, with only losers
Mullah Omar (7 months ago)
So basically those kim yum yum bills aren't worth the paper there printed on.. Yep sounds about dictatorish to me...
sayreal (7 months ago)
Lol Haven't they faked dollars like in a massive scale?
Michal Rajda (7 months ago)
Does* u idiot
Zalden N (7 months ago)
they're getting papperr, LOOOK 'em now OHHH
MrBoliao98 (7 months ago)
Cmon, North Korea practically use the RMB
AN LY (7 months ago)
This is why Trump calls Bloomberg are fake news LOL
NOBEL DJ (7 months ago)
socialism works? nope
ndrthrdr1 (7 months ago)
Yes, Denmark is socialist. That's why their taxes are high. They get free health care, though.
NOBEL DJ (7 months ago)
is denmark truely socalist? then lets see how venezuela is going and denmark is a represenative democracy that has political parties also they have 60,2% tax on income over 55k
ndrthrdr1 (7 months ago)
Look at Denmark. Yes, socialism works -- unless USA is imposing crippling sanctions.
Anonymous (7 months ago)
Sad, North Korea stole $81 Million from my country. (3:03mins,Read Article)
Stephen Eyre (7 months ago)
This video makes state-run benefits and work systems seem really terrible but uses no evidence to back its self up.
Stephen Eyre (7 months ago)
Not if done properly.
Catobis (7 months ago)
Sam Eyre becua in the end it’s caused starvation and suffering
Bella Umbrellla (7 months ago)
That's what happens with despotic, psychopathic leaders at the helm...and we may be heading there ourselves at the rate we are going...😪
MisterZ3r0 (7 months ago)
They make fake US currency and Meth and export it around to world for Real hard currency.
Cuckmeister (7 months ago)
This is what happens when theres a giant trade blockade around a country. The west has basically starved them out and destroyed their economy untill they submit.
Current Batches (4 months ago)
"This is what happens when theres a giant trade blockade around a country. The west has basically starved them out and destroyed their economy untill they submit." Are you really that stupid, or hoping others will buy your bullshit?
Jordan Zelch (6 months ago)
Cuckmeister no it’s because of their totalitarian communist government and bad economic system
kənhæmut kənhæmut (7 months ago)
Not that Sur
C. Lincoln (7 months ago)
Annnnnd its over.
Alejandro Cabrera (7 months ago)
When Mexico goes communist, we will trade with north korea.
DAW PAWN SHOP (7 months ago)
D. MD (7 months ago)
So u said nothing - just repeat some old bullshit...
Sev (7 months ago)
lmao at the typing sounds at the end, ya dun goofed
Marlon Delibasic (7 months ago)
CIA analyst thid they joob good and shutdown governments around the world!
Vittorio Lz (7 months ago)
i heard someone said that they printed the supernotes dollars, i mean..the machine was there. one of the last country in the world that don't have Rothschild bank..make 2+2.
Clay Gilliland (7 months ago)
The supernotes were produced by Iran after the Reagan Administration sold them the printing presses and plates in exchange for the hostages from the US Embassy.

Would you like to comment?

Join YouTube for a free account, or sign in if you are already a member.