Tag: Markets
N. Korean rice prices plunge 30% as foreign exchange rates stabilize...
Rice has fallen from record highs above 30,000 won per kilogram to around 21,500 won and held steady for nearly a month, reflecting decreased...
Faux fur jackets and combat boots fly off shelves as Kim...
Leather jackets and military-style boots are the season's hottest sellers at North Korean markets, with young people emulating the leader's televised wardrobe and vendors...
Faux fur jackets and combat boots dominate N. Korea’s winter fashion...
Leather jackets and military-style boots are flying off marketplace shelves as North Koreans emulate Kim Jong Un's televised wardrobe, with vendors celebrating rebounding sales...
Cash remains king: Why North Koreans resist Pyongyang’s digital payment push
North Korea is holding public lectures encouraging electronic payment adoption, but citizens remain hesitant due to concerns about government surveillance and policy instability.
A source...
Fur and famine: N. Korea’s elite flout luxury bans as workers...
North Korea’s elite women are flaunting luxury fur coats worth millions of won—enough to buy a provincial home or feed a family for years—while...
N. Hamgyong province clamps down on private sale of rice
North Korea has launched a heavy-handed crackdown on private rice sales in North Hamgyong province.
“After the Central Committee ordered a halt to the private...
North Korea’s price freeze in Kangwon province disrupts local markets
North Korea's Kangwon province is enforcing a strict ban on market vendors setting prices for products made at local factories, causing disruptions to market...
Elderly N. Koreans long for Kim Jong Il era as markets...
Amid persistent economic hardship, it is becoming more common for elderly North Koreans to long for the days of Kim Jong Il, as an...
North Korea launches market crackdown as Chinese imports surge
With imports rising following the recent expansion of trade between North Korea and China, North Korean authorities have launched a crackdown on the illegal...
North Korean women turn to subtle manicures to evade beauty crackdowns
Young North Korean women are increasingly turning to light-colored nail polish as a form of "modest adornment" that allows them to express individuality while...
