Tag: business
N. Korea arrests former trade official in Chinese phone crackdown
North Korean authorities are intensifying crackdowns on Chinese-made mobile phones, which serve as a crucial channel for outside information entering the country and internal...
N. Korea tightens state control over grain trade through legal reform
North Korea has steadily increased state control over the country's grain trade through legal amendments, shifting these activities away from autonomous markets. A significant...
New fitness tracker highlights North Korea’s social divide
A new Bluetooth fitness tracker advertised on North Korean telecom Kangsong's mobile app has received starkly different reactions from residents in Pyongyang versus those...
N. Korean state shops near China allow food purchases in foreign...
North Korean state-run grain shops near the Chinese border have begun accepting foreign currency for food purchases, despite official restrictions on foreign currency use.
This...
N. Korea launches major crackdown on Chinese phones along border
North Korean authorities have initiated a major crackdown on Chinese phone users in North Hamgyong province, deploying state security teams to Hoeryong to enforce...
North Korean banks ordered to round up idle currency amid economic...
North Korean authorities have ordered commercial banks to intensify efforts to collect idle local and foreign currency from the public. The directive, issued by...
N. Korea launches factory inspections to enforce localization laws
North Korean authorities are inspecting factories and enterprises in North Hamgyong province to verify compliance with localization laws for supplies, equipment, and raw materials....
North Korea launches campaign to mobilize citizens’ idle cash
North Korea has launched a nationwide campaign to mobilize citizens' idle cash through interest-bearing business investments. While the initiative originated with regional enterprises, it...
N. Korean party members quietly turn to private business while on...
Party members in North Korea are increasingly taking official leave from their duties to secretly engage in private commerce and money-making activities in cities...
Rason’s “non-socialist” housing probe met with public skepticism
Prosecutors in Rason have launched a month-long inspection to identify owners of multiple homes, designating such ownership as "non-socialist." However, local residents are dismissing...
