It has been two years since the implementation of North Korea’s currency revaluation and the South Korean government recently has presented an assessment of it， evaluating it as a complete failure， as exchange rates have skyrocketed and inflation set in.

It has been largely evaluated as having weakened the government control over the market and the people.

In the report released by South Korea’s Ministry of Unification (MOU)， the prices of rice and exchange rates have returned previously to the level before the measure went into effect. The prices of rice per kg that cost between 20 to 40 KPW in December 2009 has jumped to 3，000 to 5，000 KPW as of November of this year， which is more than a 2，300 times increase.

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