About the Author
Jooheon Kim
Jooheon Kim is a Correspondent at NK News. He previously worked at Aju News Corporation where he covered South Korea's economy and tech sectors, K-pop and inter-Korean relations.
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News North Korea tightens control of local market prices since pandemic: reportMarketplaces widely set their own prices until around 2020, a journalist said
North Korea has expanded the state’s role in regulating consumer goods prices since the COVID-19 pandemic as it continues to control economic activity within its borders, according to a Japanese journalist. Marketplaces largely set their own prices until around 2020, but are now increasingly influenced by local governments following the pandemic, Jiro Ishimaru, head of the Asia Press’ bureau in Osaka, Japan, said during a seminar in Seoul on Wednesday. “In other words, the state sets the prices,” Ishimaru said, citing interviews with six sources in the DPRK’s North Hamgyong and Ryanggang provinces from May to mid-June. “One © Korea Risk Group. All rights reserved. |