Tag: capitalism
N. Korea’s shortage of scrap metal highlights its inefficient economic system
Kim Jong Un's ambitious 20x10 regional development plan is already running into problems. In addition to the shortage of common materials such as cement...
N. Korean rice prices fall due to expanding food imports from...
The price of rice in North Korea appears to be falling this month after skyrocketing past KPW 6,000 a kilogram in late February. Grain...
S. Hamgyong Province warns young people not to earn money outside...
South Hamgyong Province authorities recently distributed materials warning young people not to engage in money-making activities outside of their assigned workplaces, a Daily NK...
Sale of televisions at Pyongyang department store draws large crowd
Televisions recently went on sale at Rakwon Department Store, drawing a crowd of hundreds of Pyongyang residents, Daily NK has learned.
“Rakwon Department Store held...
Revisions to Law on Welfare Service bolster government control over commercial...
North Korea recently amended its Law on Welfare Service to bolster government control over privatized commercial facilities as part of broader efforts to implement...
N. Korea renews efforts to crack down on “8.3 Earnings” scheme
North Korean authorities have renewed efforts to crack down on a workplace exemption scheme called "8.3 Earnings" that allows workers to engage in private...
