Tag: banking

Electronic payment through smartphones is spreading rapidly across North Korea, with cash transactions increasingly giving way to digital payments in Pyongyang and other major...

Private money-transfer brokers are reviving in North Korea after a period of suppression aimed at pushing people toward banks. The distrust toward banks that...

North Korean authorities have launched sweeping inspections of bank loan practices in 2026. The goal is to root out possible collusion between banks and...

North Korean high school students are taking out bank loans through their mobile phones without their parents' knowledge, spending the money on smartphone games...

Female defectors working part-time to support families back home have no recourse when Chinese nationals refuse to return money, unable to use banks or...

North Korea has enacted a comprehensive labor management law aimed at bringing all work activities under state control, including targeting people engaged in illegal...

North Korea has introduced automated call menus for banking customer service as the regime expands electronic payments to control the informal economy. Daily NK obtained...

Counterfeit foreign currency is flooding North Korean markets as the country's exchange rates skyrocket and the local currency collapses, prompting authorities to launch an...

North Korea's Central Bank has ordered provincial branches to create systems that allow people to directly report problems that arise in financial services. "After detecting...

Foreign currency service centers installed near markets and foreign-currency shops in North Korea are being consolidated. The move appears to be driven by the...