Tag: trading
Grain prices soar in N. Korea as won-dollar rate crosses 24,000
North Korean market prices are soaring again, with both grain prices and foreign exchange rates hitting record highs and driving continued volatility.
According to Daily...
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...
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,...
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...
N. Korea’s economic squeeze: Grain prices surge as currency collapses
North Korea's market grain prices have recently surged to all-time highs after remaining relatively stable since December, increasing the financial burden on ordinary North...
N. Korean tech giant secures critical electronics deal with Chinese firm
The Mangyongdae Trading Company, a leading North Korean tech company, has reached an agreement with a Chinese high-tech electronics firm to acquire large numbers...
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...
