Tag: foreign currency
North Korea’s real estate paradox: soaring prices, no buyers
North Korea's soaring real estate prices stem from wild swings in the won-to-dollar exchange rate, creating a market where prices climb but sales stagnate.
"Housing...
North Korea’s currency crisis drives unprecedented price inflation
North Korean markets are experiencing severe price inflation as the U.S. dollar continues strengthening against the local currency, creating economic hardship across the country.
Multiple...
North Korea’s processed goods push meets cold Chinese market reality
As North Korea seeks to develop its economy by exporting more processed goods, Chinese buyers still prefer raw materials, putting North Korean traders in...
Fear of purges spreads as North Korea targets veteran China traders
North Korea is probing trading companies in North Pyongan province in charge of trade with China. The move appears aimed at tightening the regime's...
N. Korea cigarette smuggling operations hit hard by China crackdown
A sweeping Chinese crackdown on cigarette smuggling has brought North Korean companies' lucrative tobacco operations to a virtual standstill, forcing them to scramble for...
New data shows N. Korea rice prices hit highest level since...
North Korea's market rice prices have once again reached a record high.
According to Daily NK's regular survey of market prices in North Korea, a...
North Korea’s luxury resort becomes playground for the wealthy elite
Without international tourists to fill its rooms, North Korea's showcase Wonsan Kalma Coastal Tourist Area has quietly transformed into an exclusive destination for the...
Rice and fuel prices soar in N. Korea as won weakens...
North Korean market prices remain high after spiking earlier this month. With market exchange rates staying elevated, import prices are soaring.
According to Daily NK's...
N. Korea pushes winter tourism with China ahead of party congress
North Korea is taking concrete steps to boost tourism with China to meet growing demand for winter festivals and sports.
"At the end of June,...
N. Korea tightens control over workers in Russia
North Korean authorities have intensified surveillance of workers dispatched to Russia, immediately repatriating those caught accessing foreign content. This crackdown is creating a climate...
