Tag: foreign currency
N. Korea expands local trade but imposes tighter controls
Regional trade has significantly increased since North Korean authorities began implementing the "20×10 regional development policy." Rising imports are also boosting business in rural...
Chinese companies increasingly seek out cheap N. Korean labor
A growing number of Chinese companies are seeking cheap North Korean labor due to the recent rise in labor costs in China. In response,...
The tragic fate of N. Korean workers in Russia’s Sakhalin Island
When the COVID-19 pandemic struck the world in 2020, North Korean construction workers on Russia's Sakhalin Island were forced into endless, precarious efforts to...
N. Korea sends art and architectural specialists abroad to earn foreign...
North Korea's Mansudae Overseas Project Group of Companies has started sending professionals overseas to earn foreign currency, Daily NK has learned.
The Mansudae Overseas Project...
N. Korea conducts sweeping inspections of trading companies
The North Korean authorities have recently begun conducting sweeping inspections of trading companies, Daily NK has learned. The authorities are apparently seeking to establish...
N. Korea’s trading companies seek ways to expand coal exports
North Korea's provincial trading companies are looking for ways to expand coal exports, Daily NK has learned.
Speaking on condition of anonymity, a Daily NK...
N. Korea moves to replace labor managers in Russia en masse
North Korean authorities have begun replacing managers sent to Russia to monitor and control North Korean workers in the country, Daily NK has learned....
N. Korean e-payment services popular among young people
Electronic payment services such as offline payments using QR codes are becoming increasingly popular among young North Koreans in major cities, Daily NK has...
N. Korea’s foreign currency exchange rates continue to rise
Foreign exchange rates continue to rise in North Korean markets. The exchange rate of the North Korean won to the US dollar has reached...
N. Korean worker in Russia talks about conditions faced by laborers...
Government monitoring and control of North Korean workers in Russia is intensifying more than ever. As military, economic and diplomatic cooperation between North Korea...
