The Washington Post has carried an article on North Korea's attempt for capitalist economic reforms.

The paper said Sunday that North Korea's first capitalist industrial park marks the most profound example of its 22-month-old experiment to introduce the free market to one of communism's last frontiers.

The daily said that the Gaesong Industrial Park underscores mounting evidence that North Korea is undergoing its boldest attempt at economic reform since Kim Il-sung founded the Stalinist nation more than half a century ago. The 180 million U.S. dollar project is located just north of the Demilitarized Zone separating the two Koreas.

Pyongyang launched an experiment with the free market in July 2002, deregulating prices and hiking salaries. Almost two years into its experiment, the reforms have spread far more deeply and quickly than many had anticipated.