Tag: prices
North Korea’s price freeze in Kangwon province disrupts local markets
North Korea's Kangwon province is enforcing a strict ban on market vendors setting prices for products made at local factories, causing disruptions to market...
North Korean logistics officers profiteer from grain collection as rice prices...
As officers from the logistics departments of government agencies begin collecting grain, they are profiteering by tampering with the ratio of rice received, as...
North Korean rice prices drop nearly 30% in two weeks amid...
Rice prices are plunging at North Korean marketplaces as demand falls with this year's corn harvest and imported grains reaching markets, even as exchange...
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,...
Passengers pay twice as Cabinet cracks down on N. Korea’s private...
North Korea's Cabinet has ordered Pyongyang city people's committee to fix private bus operations and overhaul its fare system. This appears aimed at closing...
North Korea’s soaring exchange rates crush small merchants while enriching the...
Small-scale merchants in North Korean markets who conduct business in local currency say life has become "exhausting" as the country's internal exchange rates have...
Market chaos in N. Korea: Currency crisis devastates trade
A wave of inflation is crushing North Korean markets as exchange rates soar and the local currency plummets. The dollar's value has jumped 20-30%...
North Korea’s real estate paradox: soaring prices, no buyers
North Korea's soaring real estate prices stem from wild swings in the won-to-dollar exchange rate, creating a market where prices climb but sales stagnate.
"Housing...
North Korea cracks down on illegal housing sales as real estate...
North Korean authorities have issued an internal directive targeting widespread illegal real estate transactions after discovering rampant home sales across the country.
A source in...
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...
