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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.

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 Korea Market Price Update: March 7, 2022

All prices shown in KPW and current as of March 7, 2022. Data: Daily NK
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...
Street market in Hyesan, Yanggang Province rice sellers dollar rate, markets, market

N. Korea’s Jungju encourages private commerce to collect funds for regional development

North Korea's city of Jungju is actively registering new market stalls and shops, allowing private commerce as part of efforts to collect taxes for...
military, parade, lunar, holiday, market prices, people, markets, economy, rice

N. Korean rice prices dip in run-up to Lunar New Year

Rice prices at North Korean markets have fallen to some degree in the run-up to the Lunar New Year holiday. The market price of...
Vegetable plot in North Pyongan Province

Farmers upset over government confiscation of land and tree planting orders

In early March, North Korean officials confiscated small plots of land from farmers in some areas of the country under the pretext of “forest...

North Korea Market Prices Update: January 17, 2020

All prices are in KPW and current as of January 17, 2019. Data: Daily NK

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