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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.

Support for the underprivileged in urban areas of North Korea shows signs of improvement

Some accommodation facilities for the underprivileged in North Korea have recently been undergoing significant expansion. Children living on the streets, orphans, and the elderly...

Hopes increase among North Koreans for Kim Jong Un visit to Seoul

North Korean residents have responded favorably to President Moon Jae-in’s speech in Pyongyang, and there are rising expectations that North Korean leader Kim Jong...
Barbed wire along the Sino-North Korea border.

Illicit drug production on the rise in North Korea

Despite the regime formally declaring a war on drugs after Kim Jong Un took power in 2011, little progress has been made toward curtailing...
Rason Market in North Hamgyong Province coronavirus

Steep rise of N. Korean grain prices appears to be leveling off

The North Korean authorities have been distributing food from state-run grain stores, which appears to have driven down the market price of grain, Daily...
North Korean trucks can be seen heading to the Chinese side of the border on the Sino-North Korean Friendship Bridge.

N. Korean foreign exchange rates weaken amid plummeting expectations over trade

North Korea's foreign exchange rates have weakened recently after climbing due to expectations that overland trade with China would expand in mid-May. According to Daily...
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...

North Korea Market Price Update: November 29, 2021

All prices shown in KPW and current as of November 29, 2021. Data: Daily NK
North Korean sellers peddle goods on the fringes of a market in Sunchon, South Pyongan Province, in October 2018.

Rising grain prices in N. Hamgyong Province’s cities cause anxiety among consumers

Grain prices in Chongjin and other cities in North Hamgyong Province have been increasing since mid-August, causing rising anxiety over food shortages, a source...
Street market in Hyesan, Yanggang Province rice sellers dollar rate, markets, market

N. Korea conducts unprecedented survey for market sellers, consumers

North Korean authorities recently conducted surveys for market sellers and customers with a view to improving the management of markets. The survey asked about...
Workers operate industrial rolling machinery on a production line at a North Korean factory

North Korea’s self-reliance push costs factory worker a finger

A technician at a coal mining machinery factory in Chongjin lost a finger recently while attempting to produce insulating paper using scrap lumber, an...

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