Tag: trading
N. Korea imports missile parts under guise of civilian trade
North Korea is importing parts and materials that are ostensibly for civilian manufacturing and research but are actually intended for the development of nuclear...
China’s automation shift leaves N. Korean contract workers without jobs
North Koreans who anticipated a surge in contract manufacturing work following the relaxation of COVID-19 border controls are facing disappointment as opportunities continue to...
In N. Korea’s Hoeryong, private truckers struggle with rising tire expenses
Truck drivers in the North Korean city of Hoeryong are traveling to Chongjin for tire purchases. Despite steep prices, drivers are willing to take...
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...
North Korea warns traders in China of surveillance threat
North Korea has warned its trading officials in China to guard against information leaks amid concerns over Chinese surveillance.
According to a source in North...
N. Korean markets hit new peaks as yuan and rice prices...
Market prices in North Korea are rising at an unprecedented rate, with rice costs and Chinese yuan exchange rates reaching record highs.
Daily NK's market...
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. Korea orders market crackdown to combat ‘capitalist elements’
North Korean leader Kim Jong Un has directed officials to crack down on marketplaces, citing concerns about the spread of capitalist influences. The directive...
N. Korea’s electronics black market: Foreign tech flows despite global ban
Despite the international ban on directly providing, selling, or transferring electronics with military applications to North Korea, foreign-made mobile phones, laptop computers, and smartwatches...
Currency crisis drives North Koreans to dollar, yuan
The North Korean won has lost half its value against the dollar and yuan this year, driving more citizens to conduct marketplace transactions in...
