Tag: markets

North Korea’s markets — known as jangmadang (장마당) — emerged from the famine of the 1990s and have since become the backbone of the country’s informal economy. Daily NK tracks grain and rice prices, foreign currency exchange rates, government crackdowns on market activity, the rise of the donju merchant class, and the broader marketization of North Korean society. Our network of in-country sources provides some of the most detailed and timely reporting on North Korea’s markets available in English.