Asked by: Eduardo Glavatsky
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What is the main industry of North Korea?

Last Updated: 29th May, 2020

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North Korea's major industries are geared towarditsdomestic resources, and so include iron and steelproduction,mining, machinery, and other heavy industries.Its lightindustry also revolves around the domestic supply andlacks varietyin products.

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Also know, what are the major industries in North Korea?

The leading industries in North Korea areasfollows; Military products, food processing, metallurgy,textiles,mining of coal, magnesite, iron ore, copper, zinc,limestone, lead,graphite, and precious metals.

Similarly, what does North Korea produce? Its main exports were minerals, metallurgicalproducts,manufactures including armaments, textiles andagricultural andfishery products and its main imports petroleum,coking coal,machinery and equipment, textiles and grain, itsays.

Similarly, what are the major industries in South Korea?

South Korea's largest industries areelectronics,automobiles, telecommunications, shipbuilding,chemicals and steel.The country is among the largestmanufacturer of electronicgoods as well as semiconductors, withglobally popular brands suchas Samsung Electronics Co. Ltd. andHynix Semiconductor (SK HynixInc.).

What is the economy of North Korea?

The economy of North Korea is a centrallyplannedsystem, where the role of market allocation schemes islimited,though increasing. As of 2015 North Korea continuesitsbasic adherence to a centrally plannedcommandeconomy.

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