What are the types of companies in North Korea?

There are different types of companies in North Korea. These include state-owned enterprises, private companies, joint ventures and foreign companies. State-owned companies are companies owned and managed by the North Korean state. These companies generally operate in strategic sectors and work in accordance with economic plans. For example, companies operating in the energy, transportation and telecommunications sectors can be considered state companies. Private companies are companies founded and operated by individuals or private investors. The presence of the private sector in North Korea is limited and they generally operate as small-scale businesses or family businesses. These companies are often in the service sector and may operate in areas such as trade, hospitality, restaurants or small manufacturing. Hybrid companies are joint ventures between foreign companies and the North Korean government or local companies. Such companies are often established to encourage foreign capital and technology transfer. For example, a partnership may be established between a foreign company and the North Korean government for an energy project. Foreign companies are companies established or operating in North Korea by foreign investors. However, foreign companies are limited to operating in North Korea and are often subject to special permits and restrictions. These companies usually operate in sectors such as energy, mining or agriculture. In summary, there are different types of companies in North Korea, including state companies, private companies, mixed companies, and foreign companies. However, due to the characteristics of the economic system and state control in North Korea, private sector and foreign investments are limited.