Tag: economy
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....
China halts North Korean trade applications as Pyongyang pivots to Russia
Chinese customs officials in Dandong have stopped processing North Korean trade applications since late last month. The disruption may stem from the cooling of...
N. Korea’s anti-socialist watchdog faces internal probe over currency control failures
North Korea's Unified Command 82, tasked with policing anti-socialist behavior, has launched an internal investigation into its own currency stabilization efforts. On Oct. 20,...
Pyongyang orders tech upgrade to combat illegal fishing in Kangwon
North Korea's cabinet has directed fishing companies in Kangwon province to implement advanced technology for monitoring illegal fishing and developing aquaculture. The Oct. 22...
North Korea launches campaign to mobilize citizens’ idle cash
North Korea has launched a nationwide campaign to mobilize citizens' idle cash through interest-bearing business investments. While the initiative originated with regional enterprises, it...
Economic strain intensifies: N. Korean food prices surge despite fall harvest
Despite the fall harvest, the price of rice in North Korean markets is skyrocketing. A kilogram now costs over 7,000 North Korean won in...
