Business | NK News
July 16, 2024

Business

Information related to the North Korea business sector

North Korea bans foreign children in restaurants and shops to combat COVID-19

North Korea bans foreign children in restaurants and shops to combat COVID-19

The new rule is the latest in a long series of pandemic prevention measures, despite Pyongyang claiming to be virus-free

North Korea bans foreign children in restaurants and shops to combat COVID-19
Chad O'Carroll
Chad O'Carroll January 22, 2021
Cigarette paper sales to North Korea go up in smoke with $2.5 million in fines
NK PRO

Cigarette paper sales to North Korea go up in smoke with $2.5 million in fines

An Indonesian firm was hit with two back-to-back fines for violating sanctions with cigarette papers

Cigarette paper sales to North Korea go up in smoke with $2.5 million in fines
Min Chao Choy
Min Chao Choy January 18, 2021
Indonesian company fined $1 million for selling cigarette papers to North Korea
NK PRO

Indonesian company fined $1 million for selling cigarette papers to North Korea

U.S. Treasury fined the paper manufacturer for violating sanctions using 28 separate U.S. dollar wire transfers

Indonesian company fined $1 million for selling cigarette papers to North Korea
Min Chao Choy
Min Chao Choy January 15, 2021
Statues in Africa traced back to North Korean artists making money for regime 
NK PRO

Statues in Africa traced back to North Korean artists making money for regime 

A new report suggests that two North Korean artists are using a front company to make the DPRK dollars

Statues in Africa traced back to North Korean artists making money for regime 
Min Chao Choy
Min Chao Choy January 15, 2021
China-DPRK trade was on the rise, but plunged in 2020 over COVID-19
NK PRO

China-DPRK trade was on the rise, but plunged in 2020 over COVID-19

North Korea leaned into unsustainable trade deficits with China, and then COVID-19 disrupted it all

China-DPRK trade was on the rise, but plunged in 2020 over COVID-19
Min Chao Choy
Min Chao Choy January 5, 2021
North Korea could deploy more illegal workers abroad using new Russian e-visas

North Korea could deploy more illegal workers abroad using new Russian e-visas

Russia rolled out a new visa program to 52 countries, experts say it could weaken the U.N. ban on DPRK workers

North Korea could deploy more illegal workers abroad using new Russian e-visas
Min Chao Choy
Min Chao Choy January 4, 2021
North Korea in Dec. 2020: A month in review and what’s ahead
NK PRO

North Korea in Dec. 2020: A month in review and what’s ahead

An analytical look at the main developments from Dec. 1, 2020 to Dec. 31, 2020

North Korea in Dec. 2020: A month in review and what’s ahead
NK Pro
NK Pro January 1, 2021
Russian workers leave North Korea as joint coal project nears year-long shutdown

Russian workers leave North Korea as joint coal project nears year-long shutdown

Some employees of RasonConTrans remain in border city despite COVID-19 lockdown putting indefinite pause on business

Russian workers leave North Korea as joint coal project nears year-long shutdown
Colin Zwirko
Colin Zwirko December 24, 2020
Singaporean breached North Korea sanctions with bulk exports of Pokka coffee
NK PRO

Singaporean breached North Korea sanctions with bulk exports of Pokka coffee

Pokka Singapore denies connection with recently jailed Lim “William” Cheng Hwee and SINSMS freight-forwarding company

Singaporean breached North Korea sanctions with bulk exports of Pokka coffee
Chad O'Carroll
Chad O'Carroll December 21, 2020
Singaporean company director jailed for selling alcohol to North Korea

Singaporean company director jailed for selling alcohol to North Korea

Director of company sanctioned by Treasury is jailed for two months, wife charged with financial penalty

Singaporean company director jailed for selling alcohol to North Korea
Chad O'Carroll
Chad O'Carroll December 14, 2020
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