Tag: chinese yuan
Tragedy in Hoeryong: Mother left destitute after daughter sent to political...
A woman in her 50s from Hoeryong, North Hamgyong province, is traveling to various locations across North Korea where political prison camps are believed...
Knee-length leather coats: N. Korea’s latest status symbol for the elite
Knee-length leather coats have become a sartorial trend among young North Koreans, Daily NK has learned.
"Leather coats have recently become a trend among young...
N. Korea’s economic squeeze: Grain prices surge as currency collapses
North Korea's market grain prices have recently surged to all-time highs after remaining relatively stable since December, increasing the financial burden on ordinary North...
As some N. Koreans skip meals, others splurge on designer spring...
Expensive spring fashions have been selling rapidly in North Korea's major cities. While many North Koreans face food shortages with the onset of the...
N. Korean officials turn to Bitcoin to shield assets from regime...
According to a Daily NK source in China recently, a growing number of North Korean trade officials in China have begun investing in Bitcoin...
N. Korean authorities spring sting operations on illegal currency traders
North Korean authorities have intensified their crackdown on unauthorized foreign currency trading, with law enforcement increasingly using sting operations to catch offenders.
According to a...
Dual-function battery transformers highlight growing wealth gap in N. Korea
Battery transformers imported from China are gaining popularity among wealthy North Koreans. These dual-purpose devices, which both convert voltage and store electricity, are seeing...
Trust gone wrong: The collapsing car smuggling industry in N. Korea’s...
Some private investors in Hyesan, Ryanggang province, are devastated after suffering massive losses on what they believed would be profitable ventures in the city's...
N. Korean parents spend small fortunes on misrepresented growth supplements
Like their counterparts south of the border, more North Korean parents are buying supplements to help their children grow taller, Daily NK has learned.
With...
State-sanctioned car smuggling creates wealth divisions in N. Korean border city
State-led car smuggling has exploded in Hyesan, a border city in Ryanggang province. Wealthy individuals are rushing to invest in trading companies involved in...
