Tag: finance
N. Koreans must use electronic certificates to make digital payments
North Koreans need their own electronic certificates when they make digital payments, Daily NK has learned.
“When you pay fees in the digital media player...
Kangwon Province banks offer new savings products promising flexible withdrawals
Kangwon Province banks have recently offered new savings products as part of efforts to collect "idle cash" from the general public. Although customers can...
N. Korea mounts harsh crackdown on loan sharks
North Korea is in the midst of a major crackdown on loan sharks following the passage of a "Loan Law" in early February, Daily...
N. Korea’s electronic payment gateway, Ullim 2.0, can be used on...
North Korea’s electronic payment gateway Ullim 2.0 can now be used on an ordinary computer, Daily NK has learned.
Daily NK recently obtained the user...
N. Korean banks offer accounts with deposits guaranteed by the government
North Korean banks have recently begun selling financial products with guaranteed deposits, Daily NK has learned. While these sales are limited for now, their...
N. Korea moves to restrain regional commercial banks from setting high...
North Korea is restraining regional commercial banks from setting high rates of interest, Daily NK has learned.
A Daily NK source in Pyongyang said Tuesday...
N. Korea may move to issue public bonds for the first...
For the first time in 17 years, North Korean authorities may be planning to issue public bonds to alleviate the shortage of foreign currency...
