document, exchange rates, economy

Leaked: New N. Korean document ties national fate to exchange rates

Daily NK recently obtained a document distributed by North Korean authorities on Sept. 20 that stresses that "the fate of the nation depends on...
south pyongan, construction projects

Kim’s mandate triggers urgent inspection of construction projects in South Pyongan province

Following Kim Jong Un's announcement of three new construction tasks at a recent meeting of the Regional Development Project Council, South Pyongan province’s party...
Market official on patrol in Sunchon, South Pyongan Province, business

Regime’s currency controls backfire as N. Korean won weakens

The U.S. dollar traded for 16,100 North Korean won in Pyongyang on Sept. 15, down slightly from a record high of 16,500 won on...
bank, central, finance, economy

N. Korea’s central bank audits S. Hwanghae province, eyes financial sector reform

North Korea's central bank conducted a two-week audit of the Commercial Bank of South Hwanghae province beginning Sept. 1. The audit focused primarily on...
grains, grain, prices, markets, farms

N. Korean rice prices in Pyongyang surge to highest level since 2023

North Korean food prices are rising, with rice in Pyongyang reaching 6,300 North Korean won per kilogram on Sept. 15. This is the highest...

Blueberry bandits: Crime spikes as North Koreans forage for survival

North Koreans near Samjiyon, Ryanggang province, have faced various mishaps while blueberry picking to supplement their income amid the country's ongoing food crisis. In...
commodity prices broker, market, markets, market hours

North Korea extends reduced market hours, fueling public anxiety

North Korean authorities have maintained the shortened market hours implemented last month, initially justified as a post-flood recovery measure. The decision to continue the...
pukchong, exports, apples

North Korea’s Pukchong zone preps for Russian export drive

North Korea's Pukchong Agricultural Development Zone in South Hamgyong province is preparing to export products to Russia as part of the government's push to...
raw materials, products

N. Korea mandates shift from raw material to processed goods exports

North Korean authorities recently ordered trade agencies to shift from exporting raw materials to processed goods, causing significant disruption to regional trading companies that...

Material matters: Rason customs loosens grip on fabric imports

North Korean customs officials in Wonjong village, Rason, are allowing imported fabrics to pass through easily and then be distributed to wholesalers nationwide, a...

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