Tag: foreign currency
Grain prices surge as N. Korea enters annual spring food shortage
Grain prices across North Korean markets have begun climbing since mid-February, reversing the downward trend observed since December. With the arrival of the annual...
State-sanctioned car smuggling creates wealth divisions in N. Korean border city
State-led car smuggling has exploded in Hyesan, a border city in Ryanggang province. Wealthy individuals are rushing to invest in trading companies involved in...
N. Korean won surges against yuan as market prices fall
North Korean market prices have been declining for over a month, reversing last year's continuous upward trend. The most dramatic change has been in...
N. Korea imports missile parts under guise of civilian trade
North Korea is importing parts and materials that are ostensibly for civilian manufacturing and research but are actually intended for the development of nuclear...
N. Korea deploying military personnel to construction sites in Russia
North Korea's Seventh General Bureau has launched a recruitment campaign to send soldiers for construction work in Russia, Daily NK has learned.
A source in...
Empty promises: N. Korean workers in China face exploitation despite official...
"Work harder, pay more, keep less" – this is the grinding reality for North Korean workers in Chinese factories, where a complex web of...
China’s automation shift leaves N. Korean contract workers without jobs
North Koreans who anticipated a surge in contract manufacturing work following the relaxation of COVID-19 border controls are facing disappointment as opportunities continue to...
Elite N. Korean IT teams infiltrate global freelance platforms
North Korea has intensified its covert foreign currency operations by sending elite IT workers to China and Southeast Asia as freelancers.
According to a Daily...
N. Koreans abandon won as currency redenomination fears spread
Amid persistent rumors of currency redenomination, North Koreans are increasingly shunning the domestic won in favor of foreign currencies. This growing distrust is accelerating...
N. Korean won plunges, market prices double as economic divide deepens
Market prices in North Korea have roughly doubled since last January, according to Daily NK's latest findings.
The North Korean won has seen a dramatic...
