Tag: commerce
N. Korean community mourns disabled woman and child after fatal carbon...
A disabled woman in her 40s and her daughter recently died from carbon monoxide poisoning in the North Korean city of Rason, leaving local...
N. Korea orders stricter market controls, electronic payments push
North Korea's cabinet has issued orders to provincial commerce bureaus nationwide to strengthen market controls and economic management, Daily NK has learned.
According to a...
N. Korea orders market crackdown to combat ‘capitalist elements’
North Korean leader Kim Jong Un has directed officials to crack down on marketplaces, citing concerns about the spread of capitalist influences. The directive...
Market shock as North Korean won-dollar rate breaks records
North Korea's market exchange rates have soared to unprecedented levels. After stabilizing for two months following a peak in early September, the US dollar...
Kaechon stores raided over private salt trade as winter approaches
Inspectors from Kaechon's commerce department have confiscated goods from state-run stores after discovering they were selling privately-sourced salt and salted seafood. The crackdown comes...
North Korea skirts Chinese customs fees through remote border crossings
North Korea is importing large volumes of Chinese construction materials, with more than 50 cargo trucks crossing the border daily from Dandong to Sinuiju....
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...
Shortened market hours affect South Pyongan vendors
South Pyongan provincial authorities ordered all markets to operate with reduced hours (4-7 p.m.) from October 1 to November 2 to facilitate the fall...
N. Korea’s shortened market hours are causing economic hardship
North Korean authorities are mobilizing citizens and limiting market hours for flood recovery efforts. These measures, including restrictions on marketplace activity, have worsened economic...
North Korean burner phone prices soar amid government crackdown on purchases
The price of "daepo" phones — mobile phones falsely registered under another person's name, similar to "burner phones" — is soaring in North Korea...
