Tag: currency
N. Korea expands currency exchange beyond dollar, yuan
Pyongyang's official currency exchanges are expanding beyond the dollar and yuan to handle yen, euros and rubles as North Korea diversifies its trade relationships.
A...
North Korea tests NFT sales for foreign currency in China
North Korea conducted covert experiments from January through May in China to test whether it could generate foreign currency through NFTs based on its...
Dandong factories struggle as North Korean labor force plummets
The number of North Korean workers in Dandong has plummeted dramatically, creating ripple effects across border communities and highlighting the complex dynamics of cross-border...
Wonsan-Kalma facilities must register foreign currency payment systems
North Korea has ordered all commercial facilities in the Wonsan-Kalma Coastal Tourist Zone to register their electronic foreign currency payment systems by May 14.
The...
S. Koreans must think twice before selling N. Korean currency online
Many South Koreans use online secondhand trading platforms to sell unwanted items or find bargains, but selling North Korean currency on these platforms is...
Two faces of Pyongyang: Trendy restaurants and hungry beggars highlight growing...
Homeless beggars have recently begun appearing in greater numbers around Pyongyang's upscale restaurants.
A Daily NK source in Pyongyang reported recently that as children of...
Bitter pill: Authentic N. Korean health supplements losing market to Chinese...
In an ironic twist, fake North Korean health supplements manufactured in China are receiving better consumer reviews than genuine North Korean products, which are...
N. Korea expands foreign currency payments through smartphone apps
North Korean smartphones are processing more payments in foreign currencies, and an increasing number of businesses are now required to offer electronic payment systems,...
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...
Grain prices surge as N. Korea enters annual spring food shortage
Grain prices across North Korean markets have begun climbing since mid-February, reversing the downward trend observed since December. With the arrival of the annual...
