Tag: Markets
North Korea’s showcase factories struggle as prosecutors launch crackdown
North Korea is heavily promoting the achievements of its local industrial factory construction under the "Regional Development 20×10 Policy," but in reality, these factories...
Market vendors in N. Korea resort to fee evasion as economic...
Struggling market vendors in Hamhung, South Hamgyong province, have begun deliberately avoiding their stalls during fee collection times as poor sales make it difficult...
North Korea’s currency crisis drives unprecedented price inflation
North Korean markets are experiencing severe price inflation as the U.S. dollar continues strengthening against the local currency, creating economic hardship across the country.
Multiple...
North Korea’s ‘free healthcare’ reality: Citizens turn to black market for...
North Korea promotes its free healthcare system as proof of socialism's superiority, but North Koreans say what they actually experience isn't "free healthcare" but...
N. Korea teachers find summer “vacation” busier than school year
North Korean schools may be closed for summer, but teachers are busier than ever with training programs and public service projects.
"Teachers in Haeju had...
N. Korea lectures trading companies on benefits of economic independence
Managers at trading companies in Sariwon, North Hwanghae province, recently attended a special lecture on the global economic situation.
According to a Daily NK source...
N. Korean investigation uncovers elaborate black market scheme
Authorities in North Korea's Kilju county are investigating evidence that local orchards have been diverting seasonal fruit to black market sales.
"Since mid-July, the Kilju...
Wonder drugs no more: N. Korea’s health supplement market turns to...
A health supplement revolution is quietly taking hold among North Korea's elite. Disillusioned with counterfeit "medicines from Ponghwa" that people mockingly call "rabbit dung,"...
N. Korea’s luxury shopping spree raises eyebrows in Chinese markets
A surge of North Korean trading company officials has descended on Chinese cities this month, snapping up European furniture, widescreen TVs, and other high-end...
Falsified weights spark daily confrontations in N. Korea’s markets
Tensions have grown between buyers and sellers in North Korea's markets as more merchants falsify the weight of their goods.
"In Hamhung's Sapo Market and...
