Tag: traders
N. Korea’s vehicle smuggling halt drives used car prices through the...
Used car prices have skyrocketed in the North Korean border city of Hyesan since smuggling operations were suspended in mid-May. Dealers are exploiting the...
N. Korean car smugglers face heavy losses as Chinese traders inflate...
Used car smugglers in Hyesan are growing increasingly frustrated over mounting debts caused by Chinese sellers charging excessive prices for vehicles.
"Large cargo trucks carrying...
China imports flow to North Korea through strategic border points
North Korea has recently stepped up imports of various supplies from China. The country carefully categorizes goods as sanctioned or non-sanctioned, using different import...
N. Korea narrows gap between official and market exchange rates
The won-to-dollar market exchange rate in North Korea has more than doubled over the past year, prompting the government to ban private foreign currency...
N. Korean officials turn to Bitcoin to shield assets from regime...
According to a Daily NK source in China recently, a growing number of North Korean trade officials in China have begun investing in Bitcoin...
N. Korea reopens to Chinese investors, prioritizing industrial and mineral sectors
North Korea recently opened its doors to Chinese investors and traders, allowing them to collaborate with local companies on machinery, equipment, and mineral development.
"Large...
N. Korean exports resume through Hyesan customs amid strict controls
Cargo-laden trucks have begun crossing through customs in Hyesan, marking a significant shift from last year's empty traffic. This development has sparked optimism among...
N. Korean won plunges, market prices double as economic divide deepens
Market prices in North Korea have roughly doubled since last January, according to Daily NK's latest findings.
The North Korean won has seen a dramatic...
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. Korean won-dollar rate stabilizes while won-yuan continues climb
The soaring won-dollar exchange rate at marketplaces in North Korea appears to have paused, at least for the moment. But the won-yuan market exchange...
