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Pyongyang
January 30, 2020

Tag: marketization

N. Korean factories still suffering from low production

North Korean leader Kim Jong Un emphasized increased productivity and a “frontal breakthrough” for the economy during the year-end plenary meeting of the Central...

S. Pyongan Province slaps fines on “illegal” small businesses

North Korean authorities in South Pyongan Province have recently begun levying fines on small businesses that they claim have not registered with the government,...

North Korea Market Prices Update: December 22, 2019

All prices are in KPW and current as of December 22, 2019. Data: Daily NK

Probing the effects of North Korea’s skyrocketing market fees

A recent hike in taxes at certain general markets in North Korea has brought grief to some North Koreans. According to sources in South...

North Korea Market Prices Update: December 6, 2019

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

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

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 levies “dog hide tax” on stay-at-home women

North Korea has broadened a “dog hide tax” to provincial chapters of North Korea's largest women's organization in what appears to be increasing efforts...

Luxury bags slip by UN sanctions, adding to economic disparities

North Korea’s economy is stagnating, but the country’s elite continue to flamboyantly display their wealth and merchants selling luxury items to the elite are ceaselessly targeting...

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