Tag: wealthy

Many households in North Korea’s Ryanggang province — where winter temperatures plummet to close to 30 degrees Celsius below freezing — lack wind blockers...

North Korean trading companies have recently been importing large quantities of clothing from South Korea and other countries popular with North Korean consumers.  A source...

South Korea's unique custom of couples and friends exchanging pairs of stick-shaped snacks on Nov. 11 has arrived in Pyongyang. Aware of this, the...

Puffer coats from foreign brands imported by state-authorized smugglers have become very popular with affluent North Korean customers at marketplaces in Hyesan, Ryanggang province,...

North Korean money changers have reaped substantial profits from recent currency fluctuations. While money changers have increased their foreign currency assets in a short...

Coffee shops have proliferated across North Korea in recent years, becoming common fixtures not only in Pyongyang and major cities but even in rural...

The exchange rate between North Korean won and Chinese yuan has crashed in the border city of Sinuiju following Kim Jong Un's visit to...

North Korean authorities are cracking down on corruption in workplace assignments for technical high school graduates, aiming to prevent wealthy and powerful families from...

Small-scale merchants in North Korean markets who conduct business in local currency say life has become "exhausting" as the country's internal exchange rates have...

North Korea's Cabinet has ordered people's committees in major cities—including Nampo, Rason, Sinuiju and Wonsan—to dramatically increase the number of approved companies ahead of...