Tag: trading companies
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. Korean traders face growing losses as state inspections turn predatory
North Korean traders are reporting increasing losses of goods during state inspections of unofficial trade, Daily NK has learned.
"Traders in Hyesan who import from...
Drug crisis persists in N. Korea as officials join distribution networks
Despite heightened crackdowns and stricter punishments following new anti-narcotics legislation, drug abuse remains widespread in North Korea, particularly among officials. A source in Kangwon...
North Korea skirts Chinese customs fees through remote border crossings
North Korea is importing large volumes of Chinese construction materials, with more than 50 cargo trucks crossing the border daily from Dandong to Sinuiju....
North Korea boosts artificial hair exports via consulate in China
A North Korean consulate in China has been involved in transporting handicrafts between the two countries using official vehicles as Pyongyang boosts exports of...
N. Korean workers in China face severe stress due to repatriation...
North Korean workers in China are complaining of severe stress due to continued delays in their return home and their stifling lives confined to...
N. Korea mandates shift from raw material to processed goods exports
North Korean authorities recently ordered trade agencies to shift from exporting raw materials to processed goods, causing significant disruption to regional trading companies that...
Hyesan buzzes with anticipation as N. Korea revives state-sanctioned smuggling
North Korea has restarted state-sanctioned smuggling along the Hyesan border, with regime-backed trading firms scrambling to capitalize on the Aug. 25 green light for...
North Korea demands $70 from workers in Russia for flood aid
North Korea is demanding foreign currency from its overseas workers to fund flood recovery, despite earlier rejecting international aid in favor of "self-reliance," Daily...
North Korea boosts foreign currency earnings with prison-made exports to China
North Korean trading companies are expanding their foreign currency-earning activities by exporting contract-manufactured products made with prison labor to China. Recently, a major North...
