Online Forex trading in North Korea operates under a highly restrictive and state-controlled financial system with strict foreign exchange regulations. The conversion of foreign currencies into Korean Won is subject to exchange rates specified by the foreign exchange control organ as stated in the Customs Law. North Korea maintains a command economy where the state controls all means of production, and access to foreign currency is tightly regulated through government channels (1).
The Foreign Investment Law allows foreign investors to remit legal profits and other incomes earned from business activities abroad, but such remittances remain subject to laws and regulations relating to foreign exchange control. Foreign investors may invest in various sectors including industry, agriculture, construction, transport, telecommunications, science and technology, tourism, commerce and financial services, with particular encouragement for investments introducing modern technologies and producing internationally competitive goods (2).
"Legal profit and other incomes earned by a foreign investor in its business activities and any money that remains after the liquidation of the business may be remitted abroad, subject to the laws and regulations of the DPRK relating to foreign exchange control."
North Korea faces extensive international sanctions imposed by the United Nations and individual countries including the United States, which severely restrict financial transactions and currency exchanges. The government maintains control over foreign exchange through designated organs that set conversion rates and monitor all cross-border financial movements. Foreign-invested enterprises must navigate these complex regulations while operating within special economic zones like Rason, where preferential treatments including reduced income taxes and customs duty exemptions are offered (1).
Source:
http://www.asianlii.org/kp/legis/laws/clotdprok489/
https://investmentpolicy.unctad.org/investment-laws/laws/173/korea-dem-people-s-rep-of-foreign-investment-law
Last updated: 15-10-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
