September 25, 2020

North Korean online trading portal offers escrow payment system to users

Jagangryok intranet service appears to be first to offer escrow payments in DPRK

A North Korean online trading portal that allows businesses to offer products and services now provides an escrow payment option to facilitate transactions, an article featured in the Pyongyang Times showed on Friday.

The Jagangryok site, only accessible on the DPRK's internal intranet, was launched last October and is one of several internal portals designed to facilitate online shopping and business services.