Tag: finance
Wonsan-Kalma facilities must register foreign currency payment systems
North Korea has ordered all commercial facilities in the Wonsan-Kalma Coastal Tourist Zone to register their electronic foreign currency payment systems by May 14.
The...
S. Korean cosmetics gain popularity among middle-class N. Korean women
North Korean women are now sacrificing basic necessities to acquire South Korean cosmetics, once accessible only to the wealthy elite.
According to a source from...
Why a $300 billion development fund is needed to achieve sustained...
Any initiative aimed at persuading Chairman Kim to cease hostilities and set aside North Korea’s nuclear armament needs to include, at a minimum, a...
Economic shift: N. Korean regime allows top firms to conduct independent...
North Korea has granted independent trading authority to major trading companies and first-class enterprises under various ministries and central government agencies.
According to a Daily...
Banking on romance: Joint savings accounts gain popularity among Pyongyang’s university...
Campus couples at Pyongyang's universities have begun creating joint savings accounts, a trend that's slowly catching on. These "couple accounts" symbolizing commitment and genuine...
N. Korea’s central bank audits S. Hwanghae province, eyes financial sector...
North Korea's central bank conducted a two-week audit of the Commercial Bank of South Hwanghae province beginning Sept. 1. The audit focused primarily on...
North Korea inspects national e-payment infrastructure
As North Korea conducts a sweeping inspection of its e-payment system, the Pyongyang Information Technology Bureau has been leading inspections of computer networks and...
North Korea audits uniform factories amid push for socialist policies
The Workers' Party of Korea's Central Committee has launched an inspection of major student uniform and school item factories in Pyongyang and other regions....
Cash to Cards: North Korea’s rocky road to electronic finance
North Korean authorities have taken a number of measures to increase the use of debit cards and promote electronic payments and shopping since the...
North Korea urges factory workers to use banking services
The North Korean authorities are making it mandatory for factory workers to use banking services, including bank accounts and bank cards, as part of...
