"North Korea abolished the colonial legal system, including civil and commercial laws. However, the country inherited and strengthened a wartime command economy. Regardless of wartime demand or socialist ideology, restriction on or abolition of a market and private property system makes it inevitable that the economy depend on command. In spite of political differences, that is why the two economies seem similar.d On the contrary, however, South Korea returned to a market economy from a wartime command economy, and inherited a legal system and market regime before the Sino-Japanese War. The country regained monetary and tariff autonomy at the price of rapid inflation and retreat from an open economy. Experiences during the wartime command economy have also affected South Korea and caused government interventions in foreign exchange and financial markets. After policy shifts in the 1960s, which made the country’s economy more open and with less government intervention, South Korea was able to head into rapid economic growth."