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Grain prices soar in N. Korea as won-dollar rate crosses 24,000

North Korean market prices are soaring again, with both grain prices and foreign exchange rates hitting record highs and driving continued volatility. According to Daily...

N. Korean parents spend rice money on uniforms as state-supplied clothing...

North Korean middle and high school students are increasingly buying fabric at markets to make custom uniforms because the quality of state-supplied uniforms is...

N. Korean grain prices surge to near-record levels after brief dip

North Korean grain prices are climbing again after a brief lull earlier this month, according to market data. Rice sold for 9,500 North Korean won...

Wage hikes widen N. Korean income gap 18 months after reform

A year and a half has passed since the North Korean cabinet issued a directive to "increase statutory wages paid monthly to workers in...

N. Korea’s economic squeeze: Grain prices surge as currency collapses

North Korea's market grain prices have recently surged to all-time highs after remaining relatively stable since December, increasing the financial burden on ordinary North...

N. Korean workers in Russia drive up prices of unwanted pork...

Amid reports that North Korea has sent another group of construction workers to the Russian city of Nizhny Novgorod, these workers are buying up...

N. Korea launches crackdown as market prices surge nationwide

North Korean authorities have begun taking aggressive action against nationwide price increases that started in mid-February, Daily NK has learned. "The government has launched a...

N. Korean won surges against yuan as market prices fall

North Korean market prices have been declining for over a month, reversing last year's continuous upward trend. The most dramatic change has been in...

N. Korean won plunges, market prices double as economic divide deepens

Market prices in North Korea have roughly doubled since last January, according to Daily NK's latest findings. The North Korean won has seen a dramatic...

N. Korean markets hit new peaks as yuan and rice prices...

Market prices in North Korea are rising at an unprecedented rate, with rice costs and Chinese yuan exchange rates reaching record highs. Daily NK's market...

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