Tag: merchants
Houses near N. Korean markets remain in high demand despite economic...
While North Korea's marketplaces are facing business difficulties due to rising prices and sluggish spending, nearby houses remain in high demand.
"While market vendors are...
N. Korean money changers profit from currency fluctuations
North Korean money changers have reaped substantial profits from recent currency fluctuations. While money changers have increased their foreign currency assets in a short...
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,...
Cabinet price controls backfire as North Korean market costs surge
The recent surge in North Korean marketplace prices appears to stem from government-ordered price controls that have had the opposite of their intended effect.
Multiple...
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...
Motorcycle couriers become the new hustle for N. Korean youth
A new way to make money has emerged among young North Koreans—"quick delivery" services using motorcycles. This type of work is becoming increasingly popular...
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...
Chinese cooling fans become N. Korea’s hottest import
Chinese-made portable cooling fans have become the must-have summer accessory for North Koreans.
"No matter the price, handheld cooling fans are among the hottest imports...
N. Korea launches crackdown as market prices surge nationwide
North Korean authorities have begun taking aggressive action against nationwide price increases that started in mid-February, Daily NK has learned.
"The government has launched a...
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...
