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This research examines the clean development mechanism (CDM) in order to overcome the limits that exist in the conventional financing methods for North Korea's development. In examining North Korea's CDM projects implemented thus far, it is found that the use of the CDM as a financing platform for North Korea's development is taking place at a very low level. However, if North Korea applies this framework effectively, it can expect additional financial inflows and technology transfer. Especially with regard to financial inflows, the diverse finances used in the implementation of CDM projects can also be adopted into North Korean CDM projects. Moreover, the adoption methods are expected to be more innovative than the conventional finance for development (FfD) methods. [ABSTRACT FROM AUTHOR]