Tag: economy
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...
N. Korean smuggler faces punishment after dash across border
A North Korean who smuggled in cooking oil from China was arrested and is now under quarantine at a medical center in Ryanggang Province,...
Announcement on import restrictions leads to panic buying in Pyongyang
North Korea's recent announcement of restrictions on imports of "unnecessary items" has led to a spate of "panic buying" in Pyongyang, Daily NK has...
N. Korea announces all “trivial” imports restricted until end of the...
North Korea made a country-wide announcement on Apr. 17 that all "unnecessary" imports will be restricted until the end of this year as part...
N. Korean textile factories facing operational difficulties
North Korean textile factories are facing difficulties acquiring raw materials following the shutdown of the Sino-North Korean border, with some even ceasing operations, Daily...
