Tag: finance
North Koreans vie for lucrative jobs at new trading company
North Koreans have been offering bribes in U.S. dollars as they vie for positions at a new trading company set up under the North's...
Sariwon residents dismayed at government-business collusion on construction projects
As the North Korean authorities promote the construction of houses and factories in rural areas, party and government officials have colluded with the donju...
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 calls on trade officials in China to more aggressively...
North Korean authorities recently ordered trade officials to collect even more foreign currency, citing the fact that the country’s military industry urgently needs money,...
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 state security officers use remittance brokers to take money...
North Korean state security officers have recently been using remittance brokers to squeeze money out of the families of defectors, a reporting partner in...
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’s security agents shake down remittance brokers for money in...
Some members of North Korea’s Ministry of State Security have recently focused a great deal of energy on taking money from “brokers” who facilitate...
