Tag: Markets
N. Korean state shops near China allow food purchases in foreign...
North Korean state-run grain shops near the Chinese border have begun accepting foreign currency for food purchases, despite official restrictions on foreign currency use.
This...
North Korean food prices soar as currency crisis deepens
North Korean food prices have hit record highs, deepening hardship across the country.
According to Daily NK's regular market survey, rice prices exceeded 8,000 North...
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...
Currency crisis drives North Koreans to dollar, yuan
The North Korean won has lost half its value against the dollar and yuan this year, driving more citizens to conduct marketplace transactions in...
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...
N. Korean youth drive demand for smuggled Chinese coats
Chinese-made padded coats are selling rapidly in markets in Hyesan, according to a source in Ryanggang province recently.
The source said that Chinese winter coats...
N. Korea exorts building supplies from currency traders in flood recovery...
North Korean authorities are forcing arrested money changers to donate building materials for flood relief instead of sending them to labor camps, marking a...
Economic strain intensifies: N. Korean food prices surge despite fall harvest
Despite the fall harvest, the price of rice in North Korean markets is skyrocketing. A kilogram now costs over 7,000 North Korean won in...
Economic woes sour Hyesan’s fruit market despite price cuts
Fruit prices in Hyesan's markets have recently plummeted, with both domestic and imported varieties available. Despite the lower costs, vendors are struggling with slow...
