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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 bus crosses the Sino-Korean Friendship Bridge over the Yalu River, traveling from Sinuiju, North Korea to Dandong, China

North Korea sends 10,000 workers to China in a month

North Korea has sharply ramped up the number of new workers it is sending to China this summer, with roughly 10,000 laborers crossing the...
grasshopper market exchange rate grain

N. Korea rice prices hit record high as exchange rate climbs

Rice prices in North Korean markets have surged to a record high in July 2026. The spike follows a brief lull earlier this month,...
cryptocurrency, cybercrime, north korea, dprk, cyber, operatives

North Korea busts elite hacking ring inside its own banks

A criminal ring hacked into the internal networks of North Korea's central bank and its main foreign trade bank. The ring used cryptocurrency to...
A welcome performance held at Pyongyang Gymnasium on June 8, 2026, marking Chinese President Xi Jinping's state visit to North Korea

China quietly eases customs rules for North Korea

China has temporarily eased customs rules for equipment and materials bound for North Korea's civilian economy. The move, which could reshape China-North Korea trade...
View of Sinuiju, North Pyongan province, seen from Dandong, China

New bridge stirs a housing boom in North Korea’s Sinuiju

Apartment prices in Sinuiju, a North Korean border city, have been climbing steadily since the COVID-19 pandemic. A source in North Pyongan province told...
Rear wheel of a North Korean electric bicycle fitted with a shock absorber for load-bearing modifications

North Korea orders custom e-bikes from China, eyes local production

North Korea is ordering custom electric bicycles from Chinese manufacturers and importing the finished products to meet rising domestic demand. At the same time,...

North Korean beauty salons, saunas embrace premium services

North Korean beauty salons and sauna houses are increasingly rebranding themselves as premium service providers in 2026, bundling haircuts, massages, skin care treatments and...
North Korean fishing vessel

Chongjin fishermen struggle to secure fuel before squid season

Fishermen in Chongjin, North Hamgyong province, are struggling to secure fuel ahead of North Korea's squid fishing season, which begins in earnest in late...
Cargo trucks lined up outside customs in Dandong, China, waiting to cross into Sinuiju, North Korea

Cargo trucks line up at China-North Korea border in trade surge

Cargo truck traffic between China's Dandong and North Korea's Sinuiju has surged in mid-2026, with dozens of trucks lining up daily at the border...
Street market in Hyesan, Yanggang Province rice sellers dollar rate, markets, market

New tag rule tightens grip on N. Korea markets

North Korean market authorities in Sinuiju, North Pyongan province, have begun requiring merchants to publicly display "item inspection tags" listing a product's origin and...

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