Tag: economy
North Korea Market Price Update: August 23, 2020
All prices shown in KPW and current as of August 23, 2020.
Data: Daily NK
Yanggang Province street food vendors charge the same for less
As part of efforts to stay afloat, street food vendors in Yanggang Province are reducing food portions while keeping prices the same, Daily NK...
N. Korea again highlights importance of “autonomy” to businesses
North Korean authorities recently ordered factories and other businesses to ensure they are implementing the country’s own “economic management system,” Daily NK has learned.
“At...
Ryanggang Province is in the midst of berry-picking season
Despite COVID-19 social distancing restrictions, an increasing number of North Koreans in Ryanggang Province is picking berries on nearby mountains, Daily NK has learned.
“Members...
North Korea Market Price Update: June 6, 2020
All prices shown in KPW and current as of June 6, 2020.
Data: Daily NK
Hamhung currency broker sentenced to life in prison
A currency broker charged with running an illegal currency exchange business in Hamhung, South Hamgyong Province, was recently sentenced to life imprisonment during a...
Fluctuating exchange rates cause headaches for N. Korea’s business people
North Korea’s exchange rates have been fluctuating wildly from day to day as the country’s border with China remains closed, Daily NK has learned.
“We...
N. Korea takes further steps to sell public bonds to the...
North Korea recently upgraded the status of a North Korean-Chinese joint venture company as part of efforts to encourage the sale of public bonds...
N. Korea orders factories to produce their own raw materials
North Korea recently issued an order that directs factories throughout the country to resolve supply shortages on their own and to devise measures for...
N. Korean businessman executed for refusing to buy gov’t bonds
The owner of mine shafts in a suburban area of Pyongyang who refused to buy government bonds was recently arrested and quietly executed, Daily...
