Tag: foreign currency
N. Korean workers at Chinese fisheries surrender 90% of wages to...
A new investigation reveals that North Korean workers dispatched to Chinese fisheries were forced to surrender 80-90% of their wages to the state, receiving...
N. Korea shutters exchange centers amid currency crisis
Foreign currency service centers installed near markets and foreign-currency shops in North Korea are being consolidated. The move appears to be driven by the...
Going mobile: N. Korean traders move business home to evade restrictions
As North Korea cracks down on informal markets, the country's commercial landscape is shifting dramatically.
Since the devastating famine of the 1990s known as the...
N. Korea cracks down on drug manufacturing state trading companies
North Korea's Ministry of Social Security has launched an intensive crackdown on major trading companies suspected of manufacturing and exporting illegal drugs.
"Both the Myohyang...
Kim Jong Un deploys military engineers to Russia as anti-Western strategy
By sending 6,000 soldiers to help rebuild Kursk, North Korean leader Kim Jong Un is clearly working to strengthen his country's strategic alliance with...
N. Korean cosmetics factory targets Chinese market with custom products
North Korea's Sinuiju Cosmetics Factory is ramping up efforts to break into the Chinese market. While the company is tailoring its cosmetic products and...
N. Korea launches handmade soap production line for export to China
Sinuiju Cosmetics Factory, North Korea’s leading cosmetics producer, has launched a production line to manufacture handmade soap for export using Chinese-made equipment. The soap...
N. Korean exchange rates hit record highs
North Korean market prices have surged across the board after briefly appearing to stabilize. Rice prices in North Korean markets have broken into the...
Leaked documents reveal N. Korea’s push for digital taxi payments
Daily NK has obtained the complete text of North Korea's taxi operation rules, which were enacted in 2022. The rules require taxis to be...
Cash-strapped N. Korean diplomats reveal financial struggles through airport luggage
The carry-on luggage of North Korean diplomats and trade officials departing from Pyongyang International Airport for Russia has become a topic of public conversation.
According...
