Tag: Market Economy
Pyongsong launches year-end inspections of local markets
The commerce department of Pyongsong's people’s committee recently launched year-end financial inspections of local markets, Daily NK has learned.
Speaking on condition of anonymity for...
N. Korea relies on phone-based orders to sell new smartphone
After unveiling a new smartphone called the “Hwawon” last month, North Korea has been selling the product through phone-based orders, Daily NK has learned.
Speaking...
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...
S. Pyongan Province warns business people about false labelling
South Pyongan Province authorities are warning business people selling goods in markets that they face criminal punishments for falsely labelling the goods they sell,...
Operators of state-owned shops in Chongjin give more than 60% of...
Business people who own the rights to operate government stores in Chongjin are giving the state more than 60% of their monthly profits, Daily...
Rice prices in N. Korean markets hit all time high
The price of rice in North Korean markets has hit an all-time high.
Daily NK’s regular survey of North Korean market prices found that a...
North Korea’s exchange rates hold steady despite increase in trade
North Korea’s internal exchange rates have held steady since July. Trade with Russia may grow in the wake of the recent summit between the...
South Hamgyong Province sees brief spike in rice prices
Market rice prices briefly skyrocketed into the KPW 7,000s in some parts of South Hamgyong Province recently, Daily NK has learned.
Speaking on condition of...
Pyongyang’s state-run food shops sell better quality grains than other parts...
North Korea operates around 280 state-run grain shops nationwide to smoothly control the acquisition and supply of food, but there are clear differences in...
Locally made shoes make a splash in North Korea’s markets
A variety of locally made shoes have recently grown popular in Pyongsong's markets, Daily NK has learned.
Speaking on condition of anonymity for security reasons,...
