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100 Items, 100 Fixed Prices

By Kim Tae Hong
[2010-02-11 15:42 ]  
The North Korean authorities released the fixed prices for one hundred items on February 4th. The Daily NK, which reported on the issue at the time, has now received the full list of prices.

By announcing fixed state prices, the authorities de facto removed much of the existing market regulation, albeit that they simultaneously attempted to control prices, which had been running wild since the botched redenomination of November 30th.

On the ground in the jangmadang, The Daily NK has heard that people are selling goods for market prices, ignoring the state¡¯s edict and avoiding the gaze of People¡¯s Safety Agency (PSA) inspectors.

The authorities are attempting to enforce the state pricing structure via the PSA and Market Management Committees. Additionally, People¡¯s Committees and the National Security Agency have organized so-called ¡°Price Control Squad¡± to check market activities.

What follows is the full list of state prices, as of February 5th (Unit: won/kg unless otherwise stated. Where more than one price is stated, multiple sizes and/or qualities are available).

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Comment [There are 2 total opinions]
Brad Greenwood The table, above, is sad. I have no doubt that the North Koreans will be free of this freakish oligarchy sooner than later. Anyone who doesn't believe that the average Nork knows that they are getting screwed by the almighty "Juche" regime, is only fooling themselves. 2010-07-15 13:19:15
nk2010 Free discussion for North Korea---North Korea Forum---ÝÁùÛÖåÓ¦
http://nk2.freehostia.com 2010-02-11 19:54:57
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