11.4 C
Pyongyang
Thursday, April 16, 2026

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’s trade officials are running a pay-to-work racket

To get a coveted work posting in China, North Korean trade workers are being forced to hand over as much as $20,000 in cash...
Pukchang Thermal Power Complex in South Pyongan Province

North Korea orders AI and new energy push, threatens managers who inflate results

North Korea has ordered industrial managers across the country to abandon inflated production statistics and pivot to quality-driven economic growth powered by new energy...
A cargo truck is crossing over the Yalu River from Sinuiju, in North Korea’s North Pyongan Province, to Dandong, in China’s Liaoning Province, on a steel bridge known as the Sino-Korean Friendship Bridge.

North Korea-China rail revival fuels trade surge, sanctions evasion attempts

Goods ranging from manufactured products to agricultural produce are moving through the newly resumed North Korea-China passenger rail service, with North Korean trading companies...
Kim Jong Un inspects troops in North Korea.

North Korean military fish farm run as private feeding trough for officers, worker complaint...

A military seafood production unit in North Hamgyong province is under investigation after a worker filed a formal complaint alleging that base commanders have...
North Korean voters in traditional hanbok and formal dress arrive at polling station No. 83 for the Supreme People's Assembly 15th-term deputy elections, March 15, 2026.

North Korean remittance brokers shut down for SPA election

North Korean remittance brokers suspended operations in border cities ahead of the March 15 Supreme People's Assembly election, shifting instead to public participation in...
North Korean trucks can be seen heading to the Chinese side of the border on the Sino-North Korean Friendship Bridge.

Smuggling resumes at Hyesan as North Korea-China trade signals point to broader thaw

State-sanctioned smuggling along the border in Hyesan, Ryanggang province has resumed after a roughly three-month suspension, bringing relief to traders whose goods had been...
Kim Jong Un observes the test-firing of the Padasuri-6 land-to-sea missile on Feb. 14, 2024.

North Koreans unimpressed by missile tests as prices soar

North Koreans expressed frustration this week over a series of missile test launches carried out amid soaring food prices, with many people saying the...
Electricity pole in Sunchon, South Pyongan province, North Korea, October 2018.

North Korea’s electricity shortage threatens five-year plan targets

North Korean companies have struggled to maintain production since the start of the year due to a severe electricity shortage that officials say is...
Three bags of North Korean factory-made candy and cookies, with packaging showing branding from Mangyongdae Kyonghung Food Factory and Songdowon Comprehensive Food Factory.

North Koreans sour on fancy factory sweets as taste fails to match packaging

North Korea has seen a marked increase in the distribution of factory-made candy and cookies across the country, but citizens in North Pyongan province...
A picture of a streetside market in North Korea.

Rice and corn prices hit record highs in North Korea amid China transport revival

Rice and corn prices at North Korean markets have surged to historic highs in 2026, with the won's sharpest depreciation against the dollar on...

Recent Articles