Tag: foreign currency
N. Korean grain prices rise to same level as before last...
Grain prices in North Korean markets have climbed across the board following the exhaustion of food stocks at state-run grain shops.
According to Daily NK’s...
New report highlights worrying trends in N. Korea’s illegal cyber activities
The Cybercrimes 2024 report published by Chainalysis, a blockchain data platform has again highlighted some interesting trends concerning North Korea cyberattacks. The report has...
N. Korean elite’s demand for luxury clothing, accessories on the rise
Demand for designer goods procured by North Korean trade officials in Pyongyang has increased dramatically, suggesting a growing preference among the upper class for...
North Korea’s RMB-KPW market exchange rate sees rapid increase
Foreign exchange rates have risen in North Korea's markets, but the market rate of the Chinese yuan (RMB) to the North Korean won (KPW)...
N. Korea intensifies screening of candidates for overseas work
North Korean authorities have greatly intensified ideological screenings when selecting workers to be sent overseas, apparently in response to continued defections by overseas workers.
Speaking...
China arrests N. Korean trade official for illegal currency transaction
A North Korean trade official was recently arrested by Chinese police while attempting to illegally exchange foreign currency. The arrest prompted a flurry of...
N. Korea sold illegal gambling websites to S. Korean cybercrime ring
A North Korean organization under the Workers’ Party has reportedly created thousands of illegal online gambling websites in cooperation with an unidentified South Korean...
North Koreans vie for lucrative jobs at new trading company
North Koreans have been offering bribes in U.S. dollars as they vie for positions at a new trading company set up under the North's...
N. Korean moneychangers move further into the shadows amid intensifying crackdowns
As North Korean authorities intensify their crackdowns on foreign currency transactions to encourage people to change money through official agencies, moneychangers are increasingly operating...
Hyesan inminbans encourage people to exchange foreign currency at banks
Inminban (neighborhood watch units) in Hyesan have recently been coaxing their members to exchange their foreign currency in banks, Daily NK has learned.
Speaking on...
