Tag: foreign currency
Two faces of Pyongyang: Trendy restaurants and hungry beggars highlight growing...
Homeless beggars have recently begun appearing in greater numbers around Pyongyang's upscale restaurants.
A Daily NK source in Pyongyang reported recently that as children of...
N. Korean grain prices surge to near-record levels after brief dip
North Korean grain prices are climbing again after a brief lull earlier this month, according to market data.
Rice sold for 9,500 North Korean won...
N. Korea launches AI tech venture with Chinese firm to bypass...
North Korea has partnered with a small Chinese IT company in Shenyang, Liaoning province, to establish a startup focused on AI security technology development.
While...
N. Korean cigarette trade collapses under Chinese police raids
Chinese authorities have intensified their crackdown on smuggled North Korean cigarettes, one of Pyongyang's primary illicit exports, causing the distribution network to shrink dramatically,...
N. Korea’s digital divide: Survey reveals urban-rural gap in electronic payments
North Korean authorities have conducted a nationwide survey on electronic payment usage in the first quarter of this year. The results show that while...
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...
Bitter pill: Authentic N. Korean health supplements losing market to Chinese...
In an ironic twist, fake North Korean health supplements manufactured in China are receiving better consumer reviews than genuine North Korean products, which are...
N. Korea reforms security oversight after agent’s abuses in Russia exposed
North Korea has overhauled its standards and selection criteria for security officers working overseas after allegations of abuse came to light involving recently repatriated...
N. Korea expands foreign currency payments through smartphone apps
North Korean smartphones are processing more payments in foreign currencies, and an increasing number of businesses are now required to offer electronic payment systems,...
Wage hikes widen N. Korean income gap 18 months after reform
A year and a half has passed since the North Korean cabinet issued a directive to "increase statutory wages paid monthly to workers in...
