Tag: traders
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,...
North Korean herb smugglers struggle as China tightens quality controls
North Korean smugglers are facing significant difficulties as Chinese partners increasingly refuse to accept shipments of medicinal herbs.
"In Hyesan, medicinal herb exports—which used to...
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’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...
