Tag: foreign currency
N. Korea aims to monopolize earnings from mushroom exports
North Korea is tightening controls on pine mushroom sales and transport, aiming to monopolize foreign currency from exports of the rare fungi.
Speaking on condition...
N. Korean official in Russia accused of corruption retains position
Choi Sung Chol, the North Korean security official Daily NK exposed for his abuse of North Korean workers sent to Russia in a whistleblower...
N. Korea’s frequent mine collapses due to production push, wood shortages
Mine collapses have been common in North Korea recently, blamed on increased mineral extraction and insufficient mine supports due to a shortage of timber.
Speaking...
N. Korea’s Cabinet pushes exports of banned goods to boost economy
Defying international sanctions, North Korea's Cabinet has ordered its trading companies to boost exports of banned goods and explore new global markets in a...
North Korean diplomats return from Russia with luxury goods
North Korean diplomats in Russia have been recently returning to the North with cutting-edge appliances and pricey musical instruments in their personal luggage, Daily...
N. Korea reaches agreement with China on worker issues
North Korea recently reached an agreement with China on the repatriation and replacement of North Korean workers through its embassy and other diplomatic channels,...
N. Pyongan Province trading companies under government probe
The Central Committee of the Workers' Party of Korea has been conducting intensive inspections of trading companies in North Pyongan Province.
Speaking on condition of...
N. Korea reshuffles personnel in Mount Kumgang tourism corporation
The entity managing development of the Mount Kumgang tourism zone has begun a major personnel reshuffle under the instructions of the Central Committee of...
Chinese officials ramp up scrutiny of N. Korean workers’ luggage at...
Chinese customs authorities have been conducting strict inspections of the belongings and luggage of North Korean workers leaving for home recently, a Daily NK...
Cash to Cards: North Korea’s rocky road to electronic finance
North Korean authorities have taken a number of measures to increase the use of debit cards and promote electronic payments and shopping since the...
