{"id":54707,"date":"2023-04-19T17:00:55","date_gmt":"2023-04-19T08:00:55","guid":{"rendered":"https:\/\/www.dailynk.com\/english\/?p=54707"},"modified":"2026-04-06T14:07:56","modified_gmt":"2026-04-06T05:07:56","slug":"north-korea-boosts-number-military-affiliated-trading-companies","status":"publish","type":"post","link":"https:\/\/www.dailynk.com\/english\/north-korea-boosts-number-military-affiliated-trading-companies\/","title":{"rendered":"N. Korea boosts number of military-affiliated trading companies"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">North Korea recently began boosting the number of trading companies affiliated with the military and is currently supplementing personnel to staff them, Daily NK has learned.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThere are an increasing number of defense ministry-affiliated trading companies dealing with not only domestically oriented trade duties, but also arms smuggling, construction, contract labor, farming and even restaurant management. A personnel expansion is also underway,&#8221; a\u00a0Daily NK reporting partner in North Korea said Monday, speaking on condition of anonymity due to security concerns.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, the defense ministry-affiliated Chonryong Trading Company has been doubling both the number of soldiers who work for it and civilian staff in response to an recent order from the Workers&#8217; Party&#8217;s Central Military Commission to \u201cincrease the number of personnel by supplementing en masse the soldiers and staff personnel\u201d who work for the company.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Founded in 2019 as a trading company affiliated with the Ministry of Defense, Chonryong Trading Company secures funds for the country\u2019s ruling party by sending personnel overseas to earn foreign currency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the reporting partner, besides Chonryong Trading Company, several other new military-affiliated trading companies have emerged since 2019.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By increasing the number of both military-affiliated trading companies and their staff, North Korea seems to be trying to secure foreign currency \u2014 which it lacks \u2014 through military-led trade.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, some North Koreans are reportedly expressing concern that the country &#8220;will see a revival of the obstinate trading landscape of the Songun era, when military-affiliated trading companies filled their own pockets ostensibly doing state smuggling or earning foreign currency on the back of the state.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Songun era refers to the reign of current North Korean leader Kim Jong Un\u2019s predecessor and father, Kim Jong Il.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The reporting partner told Daily NK that there will be a windfall for the military leadership if military-affiliated trading companies take off due to government support. He pointed out, however, that ordinary trading companies may not be able to push forward trade like they did prior to COVID-19.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">North Korea is recruiting not only personnel to handle domestically oriented trade duties such as imports and exports, but also personnel the companies will ultimately send overseas.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cPeople really prefer to work for military-affiliated trading companies, with only one of 50 candidates getting recruited. This is because of stable salaries and rations,&#8221; the reporting partner said.\u00a0<\/span><\/p>\n<p><b><i>Translated by David Black. Edited by Robert Lauler.\u00a0<\/i><\/b><\/p>\n<p><em>Daily NK works with a network of reporting partners who live inside North Korea and China. Their identities remain anonymous due to security concerns. More information about Daily NK\u2019s reporting partner network and information gathering activities can be found on our FAQ page\u00a0<a href=\"https:\/\/www.dailynk.com\/english\/faq\/\">here<\/a>.\u00a0\u00a0<\/em><\/p>\n<p><i>Please direct any comments or questions about this article to dailynkenglish@uni-media.net.<\/i><\/p>\n<p><a href=\"https:\/\/www.dailynk.com\/20230417-3\/\"><i>Read in Korean<\/i><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>North Korea recently began boosting the number of trading companies affiliated with the military and is currently supplementing personnel to staff them, Daily NK has learned. \u201cThere are an increasing number of defense ministry-affiliated trading companies dealing with not only domestically oriented trade duties, but also arms smuggling, construction, contract labor, farming and even restaurant [&hellip;]<\/p>\n","protected":false},"author":130,"featured_media":38917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wikipediapreview_detectlinks":true,"footnotes":""},"categories":[67,645],"tags":[1656,691,735,930],"class_list":["post-54707","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-economy","tag-dprk","tag-military","tag-trade","tag-foreign-currency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>N. Korea boosts number of military-affiliated trading companies - 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\/north-korea-boosts-number-military-affiliated-trading-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"N. 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