Purpose - Despite a UN sanction is in place, North Korea has shown signs of a new change since Kim Jong-un took power. This study conducts in depth study on N Korea’s new trade policy amid international sanctions and suggest suitable trade directions in doing business with North Korea Design/methodology/approach - This study is based on North Korea’s latest revised trade law and their politic movements amid UN and US sanctions. The methodology used in this work is an extended literature review, analysis of UN sanctions and its effects on North Korea’s economy. Findings - Tougher sanctions against the North were implemented in mid-2017. The denuclearization and the realization of the peace economy have now emerged as major issues surrounding the Korean Peninsula. The country’s economy will further open to the world when the nuclear issue is settled to some extent Research implications or Originality - The achievements of reform measures in the North’s foreign trade sector is a bit remarkable but it is still remained at state control system. Difficulties in getting resources including the country’s reliable statistics gave us limitations for empirical approach. Once more valuable data or information are obtained, a further study will be followed.