Tag: economy
N. Korean markets fall silent as merchants and customers vanish
North Korean marketplaces are experiencing a significant decline in activity. Sources indicate both customer traffic and merchant presence have notably decreased.
Recent photos obtained by...
Study or else: N. Korean workers face daily memorization drills on...
North Korean authorities have mandated nationwide study sessions on the outcomes of December's 11th Plenary Meeting of the Eighth Central Committee, requiring workers to...
N. Korea’s green push: Mining and renewable energy expansion face local...
North Korea is ramping up mineral extraction and renewable energy projects in South Pyongan and South Hamgyong provinces, according to multiple sources. This initiative...
N. Koreans abandon won as currency redenomination fears spread
Amid persistent rumors of currency redenomination, North Koreans are increasingly shunning the domestic won in favor of foreign currencies. This growing distrust is accelerating...
N. Korea’s new premier sparks economic debate in Pyongyang
North Koreans are closely watching for potential economic changes following Pak Thae Song's appointment as premier, replacing Kim Tok Hun at the 11th Plenary...
N. Korea tightens state control over grain trade through legal reform
North Korea has steadily increased state control over the country's grain trade through legal amendments, shifting these activities away from autonomous markets. A significant...
N. Korea’s currency crisis forces return to barter economy
The North Korean won has plunged in value, driving exchange rates for U.S. dollars and Chinese yuan to record highs. In response, North Koreans...
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...
Currency crisis drives North Koreans to dollar, yuan
The North Korean won has lost half its value against the dollar and yuan this year, driving more citizens to conduct marketplace transactions in...
Trump’s reelection sparks varied reactions among North Koreans
North Koreans in North Hamgyong province are closely following news of former U.S. President Donald Trump's reelection, which has reached them through various channels....
