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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.

A truck transporting coal and a servi-cha transporting people from Musan Mine in North Korea

N. Korean cargo carriers face tough time making profits despite rise in business

North Korea's cargo carriers are getting more work as the volume of distribution in the country has increased with the end of COVID-19. However,...
Electricity pole in Sunchon, South Pyongan province, North Korea, October 2018.

North Korea electricity conservation drive mocked amid chronic blackouts

North Korea's electricity shortage has become so severe that a state-run campaign urging people to conserve power is drawing open ridicule from the very...

North Korea Market Price Update: March 7, 2022

All prices shown in KPW and current as of March 7, 2022. Data: Daily NK
grasshopper market exchange rate grain

Kim Il Sung’s birthday didn’t lead to fall in grain prices this year

Grain prices at North Korean markets did not fall as they usually do around Apr. 15, which is Kim Il Sung's birthday and the...
clothing

Haeju factory engages in production battle to meet export order

The Suyangsan Unha Clothing Factory in Haeju recently conducted an intensive production campaign to fulfill an order from a major customer in China, Daily...

Pyongyang pushes use of methane gas in outskirts of city

The Pyongyang municipal government has recently issued an order calling for the use of methane gas for energy in the outskirts of the city,...
North Koreans checking the list of candidates for the 2019 Supreme People's Assembly election

Local Party secretary criticizes election officials for showing concern for elderly voters

A North Korean official criticized local election officials for allowing elderly voters to use a mobile voting booth at their place of residence during...
North Korean women workers at the customs office in Dandong

North Korean government orders some workers to overstay sojourn periods in China

Despite the stream of overseas North Korean workers returning home, the North Korean government has ordered some workers to remain in China and continue...

Sinuiju makes efforts to improve banking services after complaints

Sinuiju authorities have recently begun improving the city’s banking services after complaints were made by bank customers, Daily NK has learned.  Speaking on condition of...
Aerial view of a bridge spanning river.

N. Pyongan Province’s trade activities are still under heavy central government control

While North Korea's provinces are now allowed to conduct a certain level of trade thanks to the "20x10 regional development policy," trade remains tightly...

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