Tag: foreign currency
N. Korea narrows gap between official and market exchange rates
The won-to-dollar market exchange rate in North Korea has more than doubled over the past year, prompting the government to ban private foreign currency...
N. Korean officials turn to Bitcoin to shield assets from regime...
According to a Daily NK source in China recently, a growing number of North Korean trade officials in China have begun investing in Bitcoin...
Digital warfare: N. Korea’s evolving cyber arsenal and global threats
North Korea's cyber capabilities have evolved dramatically in recent years, progressing beyond simple hacking to encompass public opinion manipulation, military technology theft, and cryptocurrency...
N. Korea prepares workers for Russian reconstruction projects in occupied Ukraine
North Korea began selecting workers and technicians in early March for reconstruction projects in Russian-occupied areas of Ukraine, including the Donbas region. These labor...
N. Korea doubles foreign currency quotas for overseas workers
North Korea has doubled the foreign currency quotas required from workers sent overseas. This change will likely force North Korean laborers abroad to endure...
Untraceable weapons: N. Korea prepares to export drones to Middle East...
North Korea is preparing to export drones alongside its recent full-scale drone production efforts, Daily NK has learned.
"The party's Munitions Industry Department began inspections...
Smugglers seek trading company jobs as N. Korea intensifies border control
Smugglers in North Korea are now seeking jobs with trading companies to avoid crackdowns, as authorities intensify efforts to curb private smuggling. This shift...
N. Korean authorities spring sting operations on illegal currency traders
North Korean authorities have intensified their crackdown on unauthorized foreign currency trading, with law enforcement increasingly using sting operations to catch offenders.
According to a...
Waku and compromise: The shifting landscape of N. Korean trade
North Korean smugglers are increasingly seeking employment with trading companies to circumvent recent government crackdowns on private smuggling. This strategic shift appears to allow...
Anxious countdown: N. Korean spring recruits hope to avoid combat units
North Korean recruits preparing to enter military service this spring are worried about being assigned to front-line units or those requiring rigorous training.
A source...
