Tag: foreign currency
North Korean exports to China face market challenges
North Korea is increasing exports to China, but many items are not selling that well, making it hard for trade companies to secure profits.
A...
N. Korean donju increasingly turn to betting on sports matches for...
North Korea's rich entrepreneurs, known as donju, are increasingly betting large sums of money on games featuring former professional athletes hired for the purpose....
N. Korea sent workers to Russia before Putin-KJU summit
North Korean authorities sent new workers to Russia ahead of the recent summit between Kim Jong Un and Vladimir Putin, Daily NK has learned.
Speaking...
N. Korea’s recent exhibition in Russia only shows how backwards it...
An exhibition of North Korean products was held in Vladivostok on July 26, just one week after a summit between the leaders of the...
N. Korean fishery to start exporting products to China
The Taegyong General Fishery Enterprise in Kimchaek will soon send its first export products to China after building a processing plant with imported equipment...
North Korean and Chinese traders explore new smuggling routes amid rising...
North Korean and Chinese traders operating in Sinuiju and Dandong are working to open a new sea-based smuggling route to circumvent international sanctions and...
N. Korea exploits foreign visitors by applying its “official exchange rate”...
North Korea is exploiting foreign visitors by applying an artificially high official exchange rate, likely to compensate for the regime's foreign currency shortage.
A Chinese...
One N. Korean worker’s tale of exploitation and desperation in China
In the fall of 2020, at the height of the COVID-19 pandemic, a Chinese middle manager approached Yong-hee (pseudonym), a North Korean worker in...
N. Korean government under fire as market exchange rates skyrocket
North Korea's market exchange rates continue to skyrocket. Amid the resulting chaos, North Koreans have begun to criticize the government's actions.
According to Daily NK's...
N. Korea smuggles minerals to China in return for food
North Korea recently smuggled internationally sanctioned minerals to China and imported a large amount of food in return, Daily NK has learned.
Speaking on condition...
