Tag: Markets
N. Korean markets fall silent as merchants and customers vanish
North Korean marketplaces are experiencing a significant decline in activity. Sources indicate both customer traffic and merchant presence have notably decreased.
Recent photos obtained by...
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...
Laser beauty treatments highlight growing wealth gap in N. Korea
Laser skin treatments are gaining popularity in North Korea's major cities, drawing significant interest among women, Daily NK has learned.
According to a source in...
N. Koreans abandon won as currency redenomination fears spread
Amid persistent rumors of currency redenomination, North Koreans are increasingly shunning the domestic won in favor of foreign currencies. This growing distrust is accelerating...
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...
Kim Jong Un’s winter coat sparks new fashion trend in N....
Padded coats inspired by North Korean leader Kim Jong Un's recent attire have begun appearing in North Korean markets. The garment could become this...
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 pays farm workers in devalued currency instead of grain
North Korea has taken an unprecedented step: paying farm workers in devalued local currency instead of their usual share of crops.
A source in North...
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...
