Tag: market
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...
Economic crisis drives North Korean city dwellers to countryside
Urban residents in North Korea's city of Hamhung are relocating to rural areas like Hongwon and Riwon counties due to severe economic hardships making...
N. Korea’s electronics black market: Foreign tech flows despite global ban
Despite the international ban on directly providing, selling, or transferring electronics with military applications to North Korea, foreign-made mobile phones, laptop computers, and smartwatches...
Market shock as North Korean won-dollar rate breaks records
North Korea's market exchange rates have soared to unprecedented levels. After stabilizing for two months following a peak in early September, the US dollar...
North Korea adds foreign exchange features to e-payment apps
North Korea is supporting foreign currency transactions by providing real-time exchange rate information through e-payment apps. The authorities appear intent on promoting the use...
North Korean province cuts market hours for land management work
North Hamgyong province has ordered reduced market hours through November to mobilize merchants and residents for land management projects. A source in the province...
N. Korea touts modernized poultry farms as symbol of Kim’s leadership
North Korea's Kwangchon Chicken Farm, praised in state propaganda as a beacon of food security, is instead underscoring the disparity between governmental pledges and...
North Korea launches campaign to mobilize citizens’ idle cash
North Korea has launched a nationwide campaign to mobilize citizens' idle cash through interest-bearing business investments. While the initiative originated with regional enterprises, it...
N. Korea’s hidden market: The cat-and-mouse game of S. Korean goods
North Korean authorities have launched a sweeping crackdown on the import and distribution of South Korean goods.
A source in North Hamgyong province revealed recently...