Tag: merchants
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...
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...
N. Korean markets hit new peaks as yuan and rice prices...
Market prices in North Korea are rising at an unprecedented rate, with rice costs and Chinese yuan exchange rates reaching record highs.
Daily NK's market...
N. Korea’s currency crisis forces return to barter economy
The North Korean won has plunged in value, driving exchange rates for U.S. dollars and Chinese yuan to record highs. In response, North Koreans...
N. Korea orders stricter market controls, electronic payments push
North Korea's cabinet has issued orders to provincial commerce bureaus nationwide to strengthen market controls and economic management, Daily NK has learned.
According to a...
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...
North Korean province cuts market hours for land management work
North Hamgyong province has ordered reduced market hours through November to mobilize merchants and residents for land management projects. A source in the province...
N. Korea’s hidden market: The cat-and-mouse game of S. Korean goods
North Korean authorities have launched a sweeping crackdown on the import and distribution of South Korean goods.
A source in North Hamgyong province revealed recently...
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...
Shortened market hours affect South Pyongan vendors
South Pyongan provincial authorities ordered all markets to operate with reduced hours (4-7 p.m.) from October 1 to November 2 to facilitate the fall...
