5.7 C
March 3, 2021

North Korean authorities issue new policy for electricity generation

With North Korea shaking up the Ministry of Electric Power Industry at the Eighth Party Congress for falling short of electricity production goals, Daily...

North Korea Market Price Update: February 7, 2021

All prices shown in KPW and current as of February 7, 2021. Data: Daily NK

North Korea appears to have received supplies of oil from China

Oil prices in North Korea plummeted late last month after climbing at the start of the year. North Korea has reportedly been receiving supplies...
Household near the Chinese border in North Hamgyong Province

North Korea tries to sell state-run insurance scheme to people in some regions

North Korean authorities have recently begun forcing people to subscribe to “home and family property insurance,” ostensibly to receive protection for their assets. In a...
coronavirus construction materials train

USD-KPW exchange rate begins climbing amid hopes for restart in trade

After plummeting to new lows right after the Eighth Party Congress, the USD-KPW exchange rate has begun climbing as hopes grow that trade will...

North Korea Market Price Update: January 25, 2021

All prices shown in KPW and current as of January 25, 2021. Data: Daily NK

North Korea continues to export coal and dispatch laborers overseas

North Korean authorities are engrossed in various plans to make money, some of which violate international sanctions on the country, Daily NK has learned.  According...

North Korea gifts watches to Eighth Party Congress participants

North Korean authorities reportedly gave participants in the Eighth Party Congress watches as presents. This trivial gift - especially compared to the boisterous propaganda...
hyesan director homeless gold smuggling explosions

North Korea allows some people with relatives overseas to write letters asking for help

As North Koreans continue to suffer from growing economic difficulties due to COVID-19, North Korean authorities have informed people they may ask for help...
commodity prices broker

Some businesspeople in North Korea are selling their market stalls

Some businesspeople in North Hamgyong Province who had barely made a living through trading have suffered such severe economic setbacks that they have already...

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