{"id":38884,"date":"2018-12-14T15:35:24","date_gmt":"2018-12-14T06:35:24","guid":{"rendered":"https:\/\/www.dailynk.com\/english\/?p=38884"},"modified":"2020-01-17T09:22:08","modified_gmt":"2020-01-17T00:22:08","slug":"photos-of-north-korea-special-economic-zone-reveal-impact-of-sanctions","status":"publish","type":"post","link":"https:\/\/www.dailynk.com\/english\/photos-of-north-korea-special-economic-zone-reveal-impact-of-sanctions\/","title":{"rendered":"Photos of North Korea special economic zone reveal impact of sanctions"},"content":{"rendered":"<figure id=\"attachment_38889\" aria-describedby=\"caption-attachment-38889\" style=\"width: 1280px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100738917-.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-38889\" src=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100738917-.jpg\" alt=\"\" width=\"1280\" height=\"960\" srcset=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100738917-.jpg 1280w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100738917--300x225.jpg 300w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100738917--768x576.jpg 768w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100738917--1024x768.jpg 1024w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100738917--80x60.jpg 80w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100738917--265x198.jpg 265w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100738917--696x522.jpg 696w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100738917--1068x801.jpg 1068w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100738917--560x420.jpg 560w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/a><figcaption id=\"caption-attachment-38889\" class=\"wp-caption-text\">Chinese product wholesale area of Rason. Image: Daily NK<\/figcaption><\/figure>\n<p>Daily NK has received photos taken in late November of the city of Rason from a source in North Hamgyong Province. Although there were once lofty expectations for Rason as one of North Korea\u2019s designated special economic zones, the city has become stagnant due to the effects of international sanctions against North Korea for its nuclear weapons program.<\/p>\n<p>\u201cThe economic situation here has been going downhill because of the sanctions. Factories have stopped operating due to restrictions on exporting seafood products, clothes, and processed goods,\u201d the source told Daily NK on December 6.<\/p>\n<p>\u201cChinese businessmen are busy trying to minimize their losses and pulling their money out of the area. They&#8217;re not conducting business and just solely focused on trying to recoup their investments.\u201d<\/p>\n<figure id=\"attachment_38888\" aria-describedby=\"caption-attachment-38888\" style=\"width: 1280px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100731306-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-38888\" src=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100731306-1.jpg\" alt=\"\" width=\"1280\" height=\"897\" srcset=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100731306-1.jpg 1280w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100731306-1-300x210.jpg 300w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100731306-1-768x538.jpg 768w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100731306-1-1024x718.jpg 1024w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100731306-1-100x70.jpg 100w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100731306-1-696x488.jpg 696w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100731306-1-1068x748.jpg 1068w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100731306-1-599x420.jpg 599w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/a><figcaption id=\"caption-attachment-38888\" class=\"wp-caption-text\">Apartment complex in Rason. Housing prices in the area have doubled since early 2018. Image: Daily NK<\/figcaption><\/figure>\n<p>The only exception is a renewed interest in real estate by Chinese investors following an improvement in relations between North and South Korea. Apartment prices in the area have risen to 2300-2500 yuan\/m\u00b2, double what they were at the beginning of the year (1000 yuan\/m\u00b2).<\/p>\n<figure id=\"attachment_38887\" aria-describedby=\"caption-attachment-38887\" style=\"width: 1280px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100727814-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-38887\" src=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100727814-1.jpg\" alt=\"\" width=\"1280\" height=\"800\" srcset=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100727814-1.jpg 1280w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100727814-1-300x188.jpg 300w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100727814-1-768x480.jpg 768w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100727814-1-1024x640.jpg 1024w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100727814-1-696x435.jpg 696w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100727814-1-1068x668.jpg 1068w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100727814-1-672x420.jpg 672w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/a><figcaption id=\"caption-attachment-38887\" class=\"wp-caption-text\">Residential and commercial complex. The building on the left was intended for foreign renters but is mostly vacant. Image: Daily NK<\/figcaption><\/figure>\n<p>However, many local North Koreans are reluctant to move into\u00a0multi-purpose buildings with residential and commercial units in the area, fearing that they will be confiscated by the government. Originally built for foreigners to rent, most of the space remains vacant.<\/p>\n<figure id=\"attachment_38886\" aria-describedby=\"caption-attachment-38886\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100733904.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-38886\" src=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100733904.jpg\" alt=\"\" width=\"1200\" height=\"332\" srcset=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100733904.jpg 1200w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100733904-300x83.jpg 300w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100733904-768x212.jpg 768w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100733904-1024x283.jpg 1024w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100733904-696x193.jpg 696w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100733904-1068x295.jpg 1068w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/a><figcaption id=\"caption-attachment-38886\" class=\"wp-caption-text\">Exterior of Rason Market. Image: Daily NK<\/figcaption><\/figure>\n<p>Although sanctions have been taking their toll, the new Rajin Market has remained active. Built only three years ago, the market accommodates over 6,000 vendors and sells everything from consumables to various manufactured goods.<\/p>\n<figure id=\"attachment_38885\" aria-describedby=\"caption-attachment-38885\" style=\"width: 873px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100742640-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-38885\" src=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100742640-1.jpg\" alt=\"\" width=\"873\" height=\"1200\" srcset=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100742640-1.jpg 873w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100742640-1-218x300.jpg 218w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100742640-1-768x1056.jpg 768w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100742640-1-745x1024.jpg 745w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100742640-1-696x957.jpg 696w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100742640-1-306x420.jpg 306w\" sizes=\"auto, (max-width: 873px) 100vw, 873px\" \/><\/a><figcaption id=\"caption-attachment-38885\" class=\"wp-caption-text\">Interior view of Rajin Market. Image: Daily NK<\/figcaption><\/figure>\n<p>However, many vendors are only earning an average <a href=\"https:\/\/www.dailynk.com\/english\/north-korea-market-prices-update-december-11-2018\/\">10,000 KPW<\/a> per day. Considering the fact that many of these vendors have to support a family of four or more, earning roughly the equivalent of 2 kg of rice is not nearly enough. Declining purchasing power has also resulted in residents spending less money in the market.<\/p>\n<p>\u201cWhile there are lots of customers at the market, most are just window shopping. People are still eating, but other goods are not selling as well,&#8221; a separate source in Rason said.<\/p>\n<p>&#8220;When there were no export restrictions and money was plentiful, people would buy all sorts of things at the market. But more and more people are starting to view shopping as a luxury and are being forced to focus on feeding their families.\u201d<\/p>\n<p><span style=\"font-size: 8pt;\"><em>*Translated by Brian Boyle<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Daily NK has received photos taken in late November of the city of Rason from a source in North Hamgyong Province. Although there were once lofty expectations for Rason as one of North Korea\u2019s designated special economic zones, the city has become stagnant due to the effects of international sanctions against North Korea for its [&hellip;]<\/p>\n","protected":false},"author":177,"featured_media":38889,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wikipediapreview_detectlinks":true,"footnotes":""},"categories":[645],"tags":[],"class_list":["post-38884","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v28.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Photos of North Korea special economic zone reveal impact of sanctions - North Korea News \u2014 Daily NK | Latest DPRK Updates 2026<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dailynk.com\/english\/photos-of-north-korea-special-economic-zone-reveal-impact-of-sanctions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Photos of North Korea special economic zone reveal impact of sanctions\" \/>\n<meta property=\"og:description\" content=\"Daily NK has received photos taken in late November of the city of Rason from a source in North Hamgyong Province. Although there were once lofty expectations for Rason as one of North Korea\u2019s designated special economic zones, the city has become stagnant due to the effects of international sanctions against North Korea for its [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.dailynk.com\/english\/photos-of-north-korea-special-economic-zone-reveal-impact-of-sanctions\/\" \/>\n<meta property=\"og:site_name\" content=\"North Korea News \u2014 Daily NK | Latest DPRK Updates 2026\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-14T06:35:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-17T00:22:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/KakaoTalk_20181205_100738917-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"960\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kim Song Il\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kim Song Il\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/photos-of-north-korea-special-economic-zone-reveal-impact-of-sanctions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/photos-of-north-korea-special-economic-zone-reveal-impact-of-sanctions\\\/\"},\"author\":{\"name\":\"Kim Song Il\",\"@id\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/#\\\/schema\\\/person\\\/5047e2107c75c03165ba840f155ed7a1\"},\"headline\":\"Photos of North Korea special economic zone reveal impact of sanctions\",\"datePublished\":\"2018-12-14T06:35:24+00:00\",\"dateModified\":\"2020-01-17T00:22:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/photos-of-north-korea-special-economic-zone-reveal-impact-of-sanctions\\\/\"},\"wordCount\":485,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/photos-of-north-korea-special-economic-zone-reveal-impact-of-sanctions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2018\\\/12\\\/KakaoTalk_20181205_100738917-.jpg\",\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.dailynk.com\\\/english\\\/photos-of-north-korea-special-economic-zone-reveal-impact-of-sanctions\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/photos-of-north-korea-special-economic-zone-reveal-impact-of-sanctions\\\/\",\"url\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/photos-of-north-korea-special-economic-zone-reveal-impact-of-sanctions\\\/\",\"name\":\"Photos of North Korea special economic zone reveal impact of sanctions - 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