For decades, a number of observers argued that the North Korean regime was on the brink of collapse. However, the regime has demonstrated remarkable resilience and probably will persist for a long time. The article deals with the factors that either pose a threat to regime’s stability (above all, the existence of rich, free, and attractive South Korea) or contribute to its consolidation (cohesion of elites). The post-2011 policy of North Korea is also analyzed as a set of measures that are primarily aimed at neutralizing external and internal threats to the regime’s long-term stability. While a possibility of a sudden collapse of the Kim family’s regime cannot be excluded, it is more likely that the regime will keep the country under its control for the foreseeable future.