North Korea
Whether you want to hire one person or a whole team, Remote's North Korea employment guide can help you get started. Note that Remote's employer of record services are not yet live in North Korea. Set up a call with a Remote expert to talk through your global hiring plans.
- Capital City
Pyongyang
- Currency
North Korean won (₩, KPW)
- Languages
Korean
- Population size
45,709,353
Facts & Stats
- Capital City
Pyongyang
- Currency
North Korean won (₩, KPW)
- Languages
Korean
- Population size
45,709,353
- Ease of doing business
N/A
- Cost of living index
N/A
- Payroll frequency
N/A
- VAT - standard rate
N/A
- GDP - real growth rate
-8%
North Korea, colloquially known as the Hermit Kingdom is a socialist republic bordering China & South Korea. North Korea struggles with its troubled past & is led by an authoritarian regime that’s closed up the country from the rest of the world.
The international community has also imposed crippling sanctions on the North Korean economy which has shrunk steadily for decades now.
Among others, North Korea is infamous for its government-sponsored army of hackers that have stolen billions in assets such as crypto in coordinated attacks on banks, blockchain projects, and cryptocurrency exchanges.
The FBI even advises businesses to beware of hiring North Korean hackers masquerading as IT experts who can compromise their clients with ransomware, malware, etc. Obviously, its unlikely financial and economic sanctions are going to be lifted anytime soon until the state shows a commitment to curbing fraud & its terrier programs.
This guide looks forward to a future when that becomes a reality and is primarily informational for the moment.
Grow your team in North Korea with Remote
Companies hiring in North Korea are typically required to either own a legal entity in the country or work with a global employment solutions provider to employ on the company's behalf. Developing the processes required to manage payroll, benefits, taxes, and onboarding in countries like North Korea can get complicated fast, especially without localized expertise.
If you’re looking to start hiring in a country like this, using a global employment platform like Remote makes it easy to hire quickly, cost-effectively, and in full compliance with all local legislation.
In the countries where we do offer our employer of record product, Remote takes on the responsibility and legal risks of international employment so you can focus on hiring great talent and growing your business.
Risks of misclassification
North Korea, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in North Korea may lead to fines and penalties for the offending company.
Employing in North Korea
Workers’ rights in North Korea are spelled out in several laws, such as:
The Socialist Labor Law of the Democratic People’s Republic of Korea (2015), and
The Socialist Constitution of the Democratic People's Republic of Korea
Common questions that could come up during the hiring process include the minimum wage, overtime rates, and guaranteed paid time off.
Effortless HR North Korea: Take the Tour
Competitive benefits package in North Korea
At Remote, we’re passionate about helping you craft the best possible employee experience for your team. We are leading the way in developing globally competitive benefits programs. This means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive, and your company has the localized expertise needed to attract and keep the best global talent.
Although we don't yet have our own legal entity in North Korea, our benefits packages for all countries are tailored to fulfill the local needs of employees. Typically, our packages contain some or all of the following benefits:
Health Insurance
Mental Health Support
Vision Insurance
Pension or 401(K)
Dental Insurance
Life and Disability Insurance