The period of Military Rule in Goryeo is the period when various aspects of the distribution economy in the late Goryeo period appear. In the period of Military Rule, public power was relaxed in various fields including politics. The appearance of public power relaxation appears as paralysis of Gyongsiseo’s function, embezzlement of officials, bribery, and the gambling of the bandits. The private distribution economy, which was maintained under the control of public power, was activated in the relaxation of public power. The development of private distribution economy led to various illegal activities by the power class in conjunction with the relaxation of public power. In the era of the Military Rule, the powerful actively participated in the private distribution economy. They sold the products of the large farm, or adjusted the merchants behind the scenes, participating in domestic commercial activities, and securing the necessary luxury goods through foreign trade. On the other hand, in the period of the Military Rule, a new form of gift receipt emerged among bureaucrats as a complementary method of distribution economy. The private distribution area centered on the ruling class spread more in the late Goryeo period, as the state’s control over the distribution economy has fallen from the Military Rule. The state also actively participated in the trend of development of private distribution area. In the late Goryeo period, privately owned permanent stores increased in the situation of increasing investment and monopoly on commercial activities of privileged forces. The growth of merchants was also remarkable in the development of the distribution economy. The wealthy merchant of the late Goryeo period grew through activities as agents of the ruling class, private connection with the ruling class, or independent economic activities. On the other hand, the development of the distribution economy has led to the differentiation of merchants, and the activities of small merchants as well as the wealthy merchant have gradually increased.