Shown on this North Korean pin is the Chollima horse.
The Chollima Horse is a mythical wingend horse and an important symbol of North Korea. It is said to be able to cover long distances at amazing speed. It is the nickname of the North Korea national football team and it gave it’s name to the Chommilla movement wich promoted fast economic development, much like the “great leap forward” in China.
In the capital PyonYang there is a Chollima statue wich is 46 meters high and 16 meters wide. This is a rare pin.