Last time, we learned about North Korean banks and their roles. In brief, North Korea runs the mono-bank system, where the central bank handles all the bank business, and North Korean banks hardly ever play a commercial role. But the country has set up regional banks in local areas in recent years, as market activities have become widespread. Today, we'll learn more about the regional banks in North Korea from lawyer Oh Hyun-jong North Korean media have reported about local banks in provincial areas since around 2015. In an article on December 14, 2015, the official Rodong Sinmun newspaper covered the story about a nationwide event of bank workers. At the time, the paper said that Chairman of North
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