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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.

Traffic cops deployed for Accident Awareness Month in North Korea

In conjunction with the beginning of Accident Awareness Month this November, the North Korean government has dispatched additional personnel to problem areas to help...
Rason Market in North Hamgyong Province coronavirus

Plummeting prices and rising exchange rates cause difficulties for N. Korean market vendors

A growing number of North Korean merchants have been suffering losses in the face of plummeting prices for certain goods and a rising KPW-RMB...

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...
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...

North Korea Market Price Update: March 7, 2022

All prices shown in KPW and current as of March 7, 2022. Data: Daily NK

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,...
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...
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...
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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