North Korea’s Wealthy Convert Apartments Into Duplexes to Hide Cash From State
Wealthy entrepreneurs in North Korea are buying adjacent apartment units and converting them into private duplexes. This asset protection trend emerges from fear that...
Ethnic Chinese in North Korea Export Soy Meat and Tofu Across Border to China
Ethnic Chinese residents of North Korea buy Chongjin soy meat and fried tofu from local vendors. They then sell these foods across the border...
North Korea Traders Begin Summer Clothing Imports Two Months Early
Traders in Hyesan started their summer import season two months early. These early imports respond to rising temperatures across the region. Merchants now scour...
Spring Planting Crisis Worsens as North Korea Faces Acute Fuel Shortages
A severe spring planting crisis has gripped North Korea as fuel shortages paralyze agricultural machinery. The government issued priority fuel and electricity instructions for...
Housing Cost Surge Prices Young Couples Out of Market
A dramatic housing cost surge has gripped major North Korean cities since the pandemic. House prices in Hamhung have risen two to three times...
