Tag: trading companies
Rice and corn prices drop in North Korea
Grain prices across North Korean markets have recently declined following weeks of steady increases. The drop coincides with increased cross-border imports and the beginning...
State-sanctioned smuggling revives hope in N. Korean border economy
North Korea is conducting both imports and exports through state-sponsored smuggling operations in the Hyesan area of Ryanggang province. Local residents are increasingly optimistic...
State security agency drives North Korea’s emerging vehicle rental business
North Korea has begun piloting car rental services in Pyongyang's Hwasong district, signaling efforts to develop new service industries.
Former vehicle repair centers are transforming...
Revealed: North Korea’s diplomatic missions double as trade brokers
North Korea's overseas diplomatic missions broker trade and investment deals through their economic and trade counselor's departments and collect commission fees on transactions, according...
N. Korean cigarette trade collapses under Chinese police raids
Chinese authorities have intensified their crackdown on smuggled North Korean cigarettes, one of Pyongyang's primary illicit exports, causing the distribution network to shrink dramatically,...
N. Korean restaurants in China face mass closures amid economic downturn
North Korean restaurants in China are shutting down due to financial troubles. Over half of these establishments in Liaoning province have closed their doors.
According...
Behind the packaging: N. Korea quietly outsources product design to Chinese...
While North Korea promotes its premium food products as "achievements of our technology," the packaging and label designs for these items are being outsourced...
Economic shift: N. Korean regime allows top firms to conduct independent...
North Korea has granted independent trading authority to major trading companies and first-class enterprises under various ministries and central government agencies.
According to a Daily...
Smugglers seek trading company jobs as N. Korea intensifies border control
Smugglers in North Korea are now seeking jobs with trading companies to avoid crackdowns, as authorities intensify efforts to curb private smuggling. This shift...
Waku and compromise: The shifting landscape of N. Korean trade
North Korean smugglers are increasingly seeking employment with trading companies to circumvent recent government crackdowns on private smuggling. This strategic shift appears to allow...
