Tag: finance
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...
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...
