Tag: foreign currency
Liquor talks: Pyongyang firm haggles with China for modern brew tech
Pyongyang's Taedonggang Foodstuff Trading Company is negotiating with Chinese companies to import modern purification and processing equipment, according to a source in the city...
River to riches: Pyongyang’s sand extraction fuels construction projects
North Korea is extracting sand from the lower Taedong River for state construction projects, with some being smuggled into China, according to an anonymous...
N. Korea’s new directives aim to accelerate Wonsan-Kalma resort construction
Following Kim Jong Un's July visit to the Wonsan-Kalma Coastal Tourist Zone, the Cabinet issued new directives on Aug. 22 to accelerate construction and...
Elderly North Koreans toil in Russian city
About 70 North Korean workers, most of them over the age of 60, have been sent to the Russian city of Blagoveshchensk in the...
North Korea demands $70 from workers in Russia for flood aid
North Korea is demanding foreign currency from its overseas workers to fund flood recovery, despite earlier rejecting international aid in favor of "self-reliance," Daily...
North Korean shop raided over South Korean clothing rumors
Police in Hyesan recently raided a foreign exchange shop rumored to be selling South Korean clothing, Daily NK has learned.
Speaking anonymously, a Daily NK...
Stitching for cash: North Korea exports garment workers to China
North Korea has begun sending skilled garment workers to China in a bid to boost foreign currency earnings, with plans to expand the program...
North Korea boosts foreign currency earnings with prison-made exports to China
North Korean trading companies are expanding their foreign currency-earning activities by exporting contract-manufactured products made with prison labor to China. Recently, a major North...
N. Korean workers repatriated from Russia for failing to meet quotas
Approximately ten North Korean construction workers in Nizhny Novgorod, Russia, were recently repatriated for failing to meet state-mandated financial quotas.
A Daily NK source, speaking...
N. Korea draws on emergency supplies to keep rice prices down
Despite recent flooding in North Korea caused by heavy rains, the price of grain in North Korean markets has held fairly steady. The North...
