Tag: finance
N. Korean e-payment services popular among young people
Electronic payment services such as offline payments using QR codes are becoming increasingly popular among young North Koreans in major cities, Daily NK has...
Hyesan resident arrested after delivering money to defector’s family in Hamhung
A Hyesan resident was recently arrested by North Korean state security agents after he delivered money to a defector's family in Hamhung on the...
N. Korean school demands dollars from students unable to engage in...
North Korean students are being mobilized to help transplant rice seedlings in South Hwanghae Province, one of the country’s main breadbaskets, as part of...
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...
Sinuiju makes efforts to improve banking services after complaints
Sinuiju authorities have recently begun improving the city’s banking services after complaints were made by bank customers, Daily NK has learned.
Speaking on condition of...
N. Korea’s rising yuan exchange rate is hurting market sellers
The Chinese yuan exchange rate has recently been rising against the North Korean won, stacking up losses for vendors at North Korean markets and...
N. Korean band of robbers put on trial in Wonsan
A band of robbers operating in Wonsan, Kangwon Province, was recently arrested and put on public trial in early April, Daily NK has learned.
“Earlier...
Chongjin’s bowling alleys, inns, and hotels criticized as “hotbeds of non-socialist...
The people’s committee of North Hamgyong Province has criticized local cultural and recreational facilities as hotbeds of non-socialist behavior and has begun drawing up...
State-run restaurants boom as N. Koreans increasingly forgo home-cooked meals
North Koreans used to prepare different kinds of food to eat with their families on major holidays, but things are changing.
Speaking on condition of...
Parents of school children turn to second-hand stores amid N. Korea’s...
Driven by economic hardships, a large number of parents of school-age children shopped at second-hand clothing stores in Hamhung markets before the start of...
