0.6 C
Pyongyang
January 30, 2020

Tag: Market Economy

Superstition makes getting loans difficult in January, sources

Many North Koreans in of business loans are unable to get them due to the country’s economic downturn and a custom of avoiding loans...

North Korea Market Prices Update: January 17, 2020

All prices are in KPW and current as of January 17, 2019. Data: Daily NK

North Korea Market Prices Update: December 6, 2019

All prices are in KPW and current as of December 6, 2019. Data: Daily NK

Low yield this year in N. Korea’s main grain-producing region

The yield from this year’s rice grain harvest in South Pyongan Province, North Korea’s main grain-producing region, turned out lower than in the previous...

Solar panels are changing N. Korea’s traditional wedding gifts

North Koreans increasingly use solar energy powered household appliances in their homes. Presenting brides with electric rice cookers, kettles or microwaves as wedding gifts...

North Korea Market Prices Update: November 15, 2019

All prices are in KPW and current as of November 15, 2019. Data: Daily NK

South Korean 50,000 won bills all the rage in North Korea

An urban legend that claims owning a South Korean 50,000 bill will bring wealth has recently started circulating in North Korea. There are now...

North Korea Market Prices Update: November 1, 2019

All prices are in KPW and current as of November 1, 2019. Data: Daily NK

North Korea sentences female drug boss to life in prison

The female leader of a drug smuggling ring and four of her subordinates were recently sentenced to harsh prison time as part of the...

Pre-made kimchi is replacing home-made kimchi in North Korea

The spread of pre-made kimchi at local markets has led some North Korean families to make less kimchi than normal this year, Daily NK...

Recent Articles