How Enormous Really Is The So-called 'Gap In Wealth' In North Korea?

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Hello, folks.

It is our first time of 'Go by the common sense' of this year.

This corner is aimed to ascertain whether the overflowing news about North Korea are true or not by common senses.

So today, we've prepared the topic of the gap in wealth in North Korea, emceed by the representative of Ju-Gwon broadcast Kwon Oh-Hyuk and reported by Mun Gyung-Hwan in tandem.

Kwon: Hello.

Mun: Hello. Kwon. Let's move directly on today's topic.

Speaking about the current situation, criticisms are being thrown upon North Korea after its Hydrogen bomb test.

Generally they blame North Korea to put money into economy or stabilize livelihood of the people instead of the series of nuclear tests.

Kwon: We've been through those things many times.

Things are as follows: North must buy corns instead of launching missiles, or military parade something like that.

Mun: I agree. So today's article is kind of special in this sense.

Last 8th on January from one of the Yonhap news which has quoted Japanese News, the gap in wealth in North Korea is enormous.

Kwon: You mean which Japanese News?

Mun: It was Tokyo news. It said that they have met and interviewed one of the trade peddlers in China who mentioned the wealth gap in North Korea.

In the report, the wealth gap between the rich and the poor is getting worse and worse and people are working out their salvation without any kind of national support.

Kwon: Well, how it really is then?

Mun: I guess it is partly true of what the report said that the wealth gap has widen.

However, it is because the state has empowered its support toward the each farm and enterprise, which causes the wage differential.

And another cause could be the people who earn foreign currency through the trade, which, now, start to become the new-rich class.

Kwon: It is interesting that the wealth gap could be observed in Socialism Country.

Mun: I Know. It is basically because the socialism states doesn't give the wage equally to all.

However, with free education, clothes, houses, or necessaries are distributed, people do not feel the wealth gap strongly.

With its drift toward raising wages instead of national distribution, I can say that there is better senses of the earning gap.

Kwon: Then how serious is the wealth gap in reality?

Mun: First, what the trader said seems little exaggerated.

He said that the gap is getting 'aggravated', which is not real.

The true thing is that of the capitalism society is 'beyond aggravated'.

For example, according to one of the report from OECD on may in last year, the total amount of income of the upper 10% of people is 10 times bigger than that of the lower 10%, which is an all times-high.

While European nations, the gap rates 5 times higher than that of the lower people, that of US is 19 times high.

Though the lesser of two evils.

Kwon: So you mean that the wealth gap in North Korea can't be compared to that of Capitalism countries?

Mun: I mean to say, 'there is' the gap in their income actually.

However, what matters in Capitalism countries is the property gap, not the income gap.

According to the OECD report, the total amount of the assets of the upper 1% of people from capitalism society is 6 times bigger than that of 40 % of the lower people pur together.

In other words, Only a person has 6 times smaller assets than 40 people pur together if there were 100 people in the world.

Kwon: But I heard that there is no gap in individual assets in North Korea, isn't it?

Mun: Right. There is no notion of real estate nor the stock market.

Things that one can accumulate for one's sake are bank deposit or little cash deep in one's wardrobe.

So that is why we can say 'no gap in assets'.

Kwon: I see. Since there is no way to accumulate assets, It's like one spends as much as he earns without any remaining anyway.

Mun: So it is. Because it is the gap in assets that matters in regard to the wealth gap, basically we could count it on in capitalism society.

Kwon: Then what would be the reason that the trader mentioned as such?

Mun: In my opinion, the trader assumed to be the one in discontent with his country.

Because in time of the economic depression in North Korea, it was the trade peddlers who brought in good income.

However, as the economy improved, the self-products by the state have started to beat that of the traders not to earn as much as before, resulting in their lower incomes.

That's why they might be discontent with their state.

Kwon: I understand. And any other topic?

Mun: According to Tokyo news analysis on the recent hydrogen bomb test, North Korea 'needed' the test to water down people's discontentment with the state's economic situation.

However, it is chimerical analysis.

Kwon: Strange because I can see the economic success in North Korea.

Even better now.

Mun: It is true that North Korea's economy is beyond improving.

For example, Not only in Pyongyang but also in other provinces, we can see new social facilities such as orphanages, gymnasiums, and amenities being built.

The orphanage for example is equipped with swimming pool.

So as a North Korean, it is natural they feel confident with their growing economy with its growing result seen everywhere.

Being as such, recently, even the North Korean defectors living in South Korea hear their family coaxing them to return home since the living is better.

Before, their North Korean families used to request to send them money to the country.

Kwon: I see. So I don't understand why there are so many fabrications or mistakes on the reports along the way despite the obviousness of the fact that the economy grows fast.

Seems like off the wall.

I'm quite disappointed with the Japanese media standard.

Mun: It partly results from the media standard matter, but the bona fide reason resides on the other side.

You know, Japan has been beastly shocked by North Korea's hydrogen bomb test even than South Korea had done because of the higher possibility that North Korea could use the bomb against Japan.

So this could be the reason why Japan hangs on its life to Anti-North Korea reports.

South Korean media is copying them imprudently, which is pathetic.

Kwon: Thank you for today's report, Mr. Mun.

Original Article: Mun Gyeong-Hwan  ⓒNKToday
Translation: guest reporter Jang Jae-Hee



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