Tag: chinese yuan
Going mobile: N. Korean traders move business home to evade restrictions
As North Korea cracks down on informal markets, the country's commercial landscape is shifting dramatically.
Since the devastating famine of the 1990s known as the...
N. Korean cosmetics factory targets Chinese market with custom products
North Korea's Sinuiju Cosmetics Factory is ramping up efforts to break into the Chinese market. While the company is tailoring its cosmetic products and...
N. Korea launches handmade soap production line for export to China
Sinuiju Cosmetics Factory, North Korea’s leading cosmetics producer, has launched a production line to manufacture handmade soap for export using Chinese-made equipment. The soap...
N. Korean rice prices hold at record highs as food shortages...
North Korean rice prices, which broke through 10,000 won per kilogram for the first time in early June, are holding steady at around 12,000...
N. Korea’s vehicle smuggling halt drives used car prices through the...
Used car prices have skyrocketed in the North Korean border city of Hyesan since smuggling operations were suspended in mid-May. Dealers are exploiting the...
State-sanctioned smuggling revives hope in N. Korean border economy
North Korea is conducting both imports and exports through state-sponsored smuggling operations in the Hyesan area of Ryanggang province. Local residents are increasingly optimistic...
Remittances or ruin: N. Korean authorities target defectors’ families for remittance...
State security officers in Hoeryong have intensified pressure on defectors' families, forcing them to confess to receiving illegal remittances. Under relentless intimidation, many families...
N. Korean security officials extort money from defectors’ families
Security officials in North Korea's northern border city of Hoeryong are pressuring families of defectors to confess receiving money from relatives abroad and surrender...
N. Korea’s digital divide: Survey reveals urban-rural gap in electronic payments
North Korean authorities have conducted a nationwide survey on electronic payment usage in the first quarter of this year. The results show that while...
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...
