N. Korea plans fishing industry training program despite resource shortages
North Korea plans to boost its fishing industry through a technical training program focused on vessel repair and catch optimization, Daily NK has learned.
"Last...
N. Korean traders face growing losses as state inspections turn predatory
North Korean traders are reporting increasing losses of goods during state inspections of unofficial trade, Daily NK has learned.
"Traders in Hyesan who import from...
N. Koreans defy ban, mine gold on rented farmland as prices soar
North Koreans are rushing to prospect for gold amid rising international prices, defying government bans through an elaborate system of bribes.
According to a source...
N. Korea tightens state control over grain trade through legal reform
North Korea has steadily increased state control over the country's grain trade through legal amendments, shifting these activities away from autonomous markets. A significant...
N. Korean markets hit new peaks as yuan and rice prices soar
Market prices in North Korea are rising at an unprecedented rate, with rice costs and Chinese yuan exchange rates reaching record highs.
Daily NK's market...
N. Korea’s currency crisis forces return to barter economy
The North Korean won has plunged in value, driving exchange rates for U.S. dollars and Chinese yuan to record highs. In response, North Koreans...
Security fears drive Pyongyang’s taxi industry clampdown
Pyongyang authorities have launched a crackdown on illegal practices in the city's growing taxi industry. As taxis have become a central part of the...
N. Korea arrests major currency trader as exchange rates soar in Hyesan
North Korean authorities have arrested a prominent money changer in Hyesan, Ryanggang province, as part of a wider crackdown on illegal currency exchange amid...
N. Korea’s 2022 Procurement Act reveals mix of state control and limited market freedom
Daily NK has obtained the complete text of North Korea's 2022 Procurement Act, which outlines the management and supervision of state procurement activities and...
N. Korea orders stricter market controls, electronic payments push
North Korea's cabinet has issued orders to provincial commerce bureaus nationwide to strengthen market controls and economic management, Daily NK has learned.
According to a...
