Tag: Markets
N. Korean clothing smugglers target wealthy buyers as ordinary consumers pull...
Clothing traders in Hyesan, Ryanggang province, are smuggling fall clothing from China and bringing in winter apparel samples to prepare for the cold season,...
Fake dollars and yuan flood North Korean markets amid exchange rate...
Counterfeit foreign currency is flooding North Korean markets as the country's exchange rates skyrocket and the local currency collapses, prompting authorities to launch an...
Understanding inflation in North Korea: Demand-pull and cost-push dynamics in a...
North Korea's economy is experiencing a period of acute instability, characterized by rising consumer prices, currency depreciation, and increasing policy uncertainty. Inflation in particular...
Corn crop failures in key provinces raise food supply fears for...
Extreme weather is damaging North Korea's agricultural production, with stunted corn crops in key provinces raising concerns about food security for a population that...
North Korean herb smugglers struggle as China tightens quality controls
North Korean smugglers are facing significant difficulties as Chinese partners increasingly refuse to accept shipments of medicinal herbs.
"In Hyesan, medicinal herb exports—which used to...
Shortened market hours push N. Korean vendors toward home delivery services
Marketplaces in parts of North Korea continue operating only in the afternoon, months after the official reason for shorter hours has ended.
While some view...
N. Korea’s elite food waste creates rare meat bonanza for hungry...
Large quantities of meat were recently distributed to select official markets in Pyongyang, creating unusual scenes of crowds swarming around meat stalls.
A source in...
North Korea’s soaring exchange rates crush small merchants while enriching the...
Small-scale merchants in North Korean markets who conduct business in local currency say life has become "exhausting" as the country's internal exchange rates have...
North Korea builds grain centers to tighten control over food distribution
A grain management center under construction in Hwangju county, North Hwanghae province, since February will be completed this fall. Inside North Korea, concern is...
Malnutrition spreads across North Korea as food prices surge over 50...
As food prices skyrocket across North Korea, hunger is spreading rapidly among the country's most vulnerable populations. Sources report that children are fainting from...
