Tag: chinese yuan
Cabinet price controls backfire as North Korean market costs surge
The recent surge in North Korean marketplace prices appears to stem from government-ordered price controls that have had the opposite of their intended effect.
Multiple...
North Korea’s real estate paradox: soaring prices, no buyers
North Korea's soaring real estate prices stem from wild swings in the won-to-dollar exchange rate, creating a market where prices climb but sales stagnate.
"Housing...
Border traders lose thousands as three-wheel vehicle middlemen go rogue
Border smugglers are making good money importing three-wheel vehicles called sambari into North Korea, but some are getting burned by intermediaries who vanish with...
Chinese cooling fans become N. Korea’s hottest import
Chinese-made portable cooling fans have become the must-have summer accessory for North Koreans.
"No matter the price, handheld cooling fans are among the hottest imports...
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...
Grain prices soar in N. Korea as won-dollar rate crosses 24,000
North Korean market prices are soaring again, with both grain prices and foreign exchange rates hitting record highs and driving continued volatility.
According to Daily...
