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Economy

Daily NK’s Economy section offers a ground-level view of North Korea’s economic reality — from black market prices and jangmadang activity to cross-border trade, sanctions enforcement, and the regime’s industrial directives. Drawing on sources inside the country, our reporters track the economic forces shaping everyday life in the DPRK in ways state media never will.

A picture of a streetside market in North Korea.

Rice and corn prices hit record highs in North Korean markets

Rice and corn prices in North Korean markets have surged to record highs in June 2026, deepening food shortages as growing numbers of rural...
gold, mines

North Koreans skip state mobilization to run private gold operations from their homes

North Korean people living near gold mines in North Pyongan province have converted their homes into makeshift processing operations, crushing and washing ore to...
A blue FAW truck parked in front of a building at Chongsan-ri Farm in Kangso, North Korea, with a child walking in the foreground.

North Korean farms grind to a halt as fuel shortages cripple rice planting season

Fuel shortages are forcing North Korean farms to abandon mechanized equipment during the critical rice transplanting season, with workers left to haul seedlings by...
North Korean vendors sell fruit from the roadside between Nampo and Kaesong, 2015

North Koreans credit rice price stability, but quality and affordability remain concerns

More than five years after North Korea's state-run grain stores were introduced, North Korean people say the outlets are operating more smoothly than in...
The Central Bank of North Korea building in Pyongyang, as shown on the website of state propaganda outlet Sokwang

High school students in North Korea rack up bank debt via mobile phones, alarming...

North Korean high school students are taking out bank loans through their mobile phones without their parents' knowledge, spending the money on smartphone games...
Solar panels mounted on the roof of a building in North Korea, as shown on the website of state propaganda outlet Sokwang

Solar power touted as fix for North Korea’s electricity crisis, but few can afford...

North Korean authorities are actively encouraging state institutions, enterprises, and neighborhood watch units to generate their own electricity through solar power as the country's...
Aerial view of central Hamhung, South Hamgyong province, North Korea

North Korea’s donju hand over rice and cash to the state — and call...

North Korean authorities are pressuring wealthy private traders known as donju — loosely translated as "masters of money," referring to a class of entrepreneurs...
Sheep grazing at the Sepho Tableland livestock base in Kangwon province, North Korea

Mass livestock deaths at Kim Jong Un’s model farm trigger political crisis in Kangwon...

Hundreds of pigs, goats, and rabbits have died at a state breeding farm in North Korea's Sepho district, and authorities have dispatched a high-level...
Workers at the Pukchang Youth Coal Mine General Enterprise pictured underground, as featured in Rodong Sinmun on Nov. 3, 2025

Young North Koreans turn to flexible 8·3 labor as state wages fail to cover...

Young workers in North Korea are increasingly using a practice known as "8·3 labor" — paying a fee to their state-assigned workplace in exchange...
phones, merchant, market, capitalist, markets, yuan

North Korea grain prices fall across markets as imported supply increases

Grain prices at North Korean markets fell across the board in late May 2026, reversing a sustained period of increases, according to Daily NK's...

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