North Korean merchants resisting price controls on markets

By Benjamin Katzeff Silberstein Reports Daily NK: Food prices in the past closely mirrored the ups and downs of rice prices in North Korea. For example, if rice prices climbed by 1,000 KPW per kg, then corn prices could also be expected to rise by approximately 500 KPW. But that trend is beginning to change. … Continue reading North Korean merchants resisting price controls on markets

North Korean merchants resisting price controls on markets

By Benjamin Katzeff Silberstein Reports Daily NK: Food prices in the past closely mirrored the ups and downs of rice prices in North Korea. For example, if rice prices climbed by 1,000 KPW per kg, then corn prices could also be expected to rise by approximately 500 KPW. But that trend is beginning to change. … Continue reading North Korean merchants resisting price controls on markets