Tag: market
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...
Beer cards and black markets: Inside Pyongyang’s popular beer hall
Pyongyang's Taedonggang Beer Hall is drawing steady crowds despite winter weather, with customers to the bar rising amid New Year festivities, Daily NK has...
Luxury blankets hit Pyongyang markets, test locals’ wallets
North Korea's regime has recently made luxury blankets available to Pyongyang residents, following an earlier distribution of seafood - moves apparently aimed at reinforcing...
N. Korea tightens state control over grain trade through legal reform
North Korea has steadily increased state control over the country's grain trade through legal amendments, shifting these activities away from autonomous markets. A significant...
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...
Police raids target illegal alcohol production across North Korea
North Korea has launched a nationwide crackdown on illegal alcohol production, threatening the livelihoods of many who depend on bootlegging.
According to multiple sources inside...
N. Korea’s currency crisis forces return to barter economy
The North Korean won has plunged in value, driving exchange rates for U.S. dollars and Chinese yuan to record highs. In response, North Koreans...
N. Korea’s 2022 Procurement Act reveals mix of state control and...
Daily NK has obtained the complete text of North Korea's 2022 Procurement Act, which outlines the management and supervision of state procurement activities and...
N. Korea orders stricter market controls, electronic payments push
North Korea's cabinet has issued orders to provincial commerce bureaus nationwide to strengthen market controls and economic management, Daily NK has learned.
According to a...
N. Korea orders market crackdown to combat ‘capitalist elements’
North Korean leader Kim Jong Un has directed officials to crack down on marketplaces, citing concerns about the spread of capitalist influences. The directive...
