Tag: trade
N. Korea’s shortage of scrap metal highlights its inefficient economic system
Kim Jong Un's ambitious 20x10 regional development plan is already running into problems. In addition to the shortage of common materials such as cement...
Yuan exchange rate skyrockets amid increased demand for Chinese currency
North Korea's yuan exchange rate is climbing sharply, driven by increased demand for Chinese currency due to North Korea’s “regional development 20x10 policy.”
According to...
N. Korea imports large amounts of rice from northeastern China
North Korean authorities have recently imported large quantities of rice from northeastern China. The imports appear to be aimed at stabilizing rice prices as...
North Korean rice prices see growing regional disparity
As rice prices continue to increase throughout North Korea's markets, regional disparities in prices have grown deeper due, at least in part, to severe...
North Korea moves to promote closer relations with China
The North Korean authorities recently issued a directive through the Ministry of Foreign Affairs to prepare concrete proposals to promote closer cooperation with China,...
N. Korean trade officials smuggle sanctioned items in returning workers’ luggage
North Korean trade officials in China have recently been smuggling items they need to send to the North in the personal luggage of workers...
N. Pyongan Province’s trade activities are still under heavy central government...
While North Korea's provinces are now allowed to conduct a certain level of trade thanks to the "20x10 regional development policy," trade remains tightly...
N. Korea investigates corruption at oil distribution center in Nampo
North Korea's central government recently sent an inspection team to an oil distribution center affiliated with the Nampo Trade Administration Bureau, Daily NK has...
North Korea distributes propaganda materials criticizing Yoon administration
North Korea's government recently handed out political lecture materials to workers' organizations that criticize South Korea's Yoon administration, Daily NK has learned.
Speaking on condition...
Hyesan’s crackdown on street vendors eases
The recently launched crackdown on street vendors in Hyesan has eased recently, Daily NK has learned.
"The authorities have been conducting a special crackdown on...
