Tag: economy

North Korea’s economy defies easy categorization — a nominally socialist system hollowed out by decades of mismanagement and sanctions, sustained by a sprawling informal market economy that the regime alternately tolerates and suppresses. Daily NK covers the North Korea economy through ground-level price tracking, foreign currency monitoring, reporting on economic policy directives, and analysis of how ordinary North Koreans navigate an environment of chronic scarcity and institutional dysfunction. Our market data — collected through a network of in-country sources — provides economic intelligence on the DPRK unavailable anywhere else in English.