North Korea’s post-Kim transition requires stabilizing possession rather than rushing privatization—protecting household assets, managing productive enterprises, and reviewing regime-controlled property to gradually build credible property rights and a functioning market economy.

Stabilizing money will be a central challenge in any post-Kim transition, requiring the immediate prevention of financial panic, the reconstruction of basic financial institutions, and the gradual restoration of confidence in the national currency.

A successful post-Kim economic transition will depend not on rapid liberalization but on a carefully sequenced process that first stabilizes the collapsed command system, then gradually expands market activity, and finally implements structural market reforms.