Tag: traders
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...
Death sentence: Senior state security official sold secrets to Chinese trader
A senior official from North Korea’s Ministry of State Security was recently executed on charges of leaking state secrets to a Chinese trader, Daily...
N. Korea’s anti-socialist watchdog faces internal probe over currency control failures
North Korea's Unified Command 82, tasked with policing anti-socialist behavior, has launched an internal investigation into its own currency stabilization efforts. On Oct. 20,...
N. Korea exorts building supplies from currency traders in flood recovery...
North Korean authorities are forcing arrested money changers to donate building materials for flood relief instead of sending them to labor camps, marking a...
Material matters: Rason customs loosens grip on fabric imports
North Korean customs officials in Wonjong village, Rason, are allowing imported fabrics to pass through easily and then be distributed to wholesalers nationwide, a...
N. Koreans facing economic hardship flock to gold mines to make...
Amid economic hardship, a growing number of North Koreans are flocking to gold mines in Unsan and Pakchon counties to earn money through odd...
