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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.

Street market in Hyesan, Yanggang Province rice sellers dollar rate, markets, market

N. Korean grain prices continue upward trend into the New Year

The upward trend in North Korean grain prices that began in December has continued into the New Year. The country's economic difficulties have led...

North Korea Market Price Update: September 18, 2020

All prices shown in KPW and current as of September 18, 2020. Data: Daily NK
Fish at the Donghae Area Seafood Enterprise, as shown in a screen capture from North Korean media outlet Seogwang.

N. Korean fishery to start exporting products to China

The Taegyong General Fishery Enterprise in Kimchaek will soon send its first export products to China after building a processing plant with imported equipment...
Merchants well grain and solar panels in Sunchon, South Pyongan Province

Grain prices soar in N. Korea as won-dollar rate crosses 24,000

North Korean market prices are soaring again, with both grain prices and foreign exchange rates hitting record highs and driving continued volatility. According to Daily...

Regional differences highlight mixed views on inter-Korean summit

With the third inter-Korean summit taking place, regional attitudes are revealing differences in opinions among North Koreans regarding what will be discussed by the...

North Korea Market Price Update: April 5, 2021

All prices shown in KPW and current as of April 5, 2021. Data: Daily NK

North Korea angles for outside investment through economic development push

Following their adoption of a new strategic line focused on the construction of a socialist economy, North Korean authorities have recently designated Kaesung as...

As private education industry expands, interest grows across demographics

Private education is becoming increasingly popular in North Korea, with home tutoring services and cram schools spreading across the country, report local sources. “The number...
Officials inspect cooking oil bottles at a newly completed local industry factory in Kyongsong county, North Hamgyong province, North Korea

North Korea arrests factory workers for diverting goods to markets

  Three workers at a state-run local industry factory in North Hamgyong province were publicly struggled against and arrested last month after diverting factory output...
Barbed wire along the Sino-North Korea border.

North Korean trading company employees arrested for embezzling state funds

An accountant and Party director at a major trading company affiliated with the Workers’ Party of Korea (WPK) were recently arrested by North Korean...

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