North Korean economy

Korea

Pretend tourists, lavish meals, empty beaches: North Korea’s new resort gets first foreign reviews

Jul 15, 2025 9:36 AM PDT

North Korea's Wonsan-Kalma Coastal Tourist Zone has opened to foreign guests, but Russian journalists report staged scenes and restricted access amid otherwise lavish hospitality.

Korea

North Korea permits individual car ownership for first time, Seoul says

May 20, 2025 10:03 AM PDT

North Korea is allowing individuals to register private cars for the first time, but experts say legal and financial barriers will limit its impact.

Korea

North Koreans say soaring rice prices ‘scarier than U.S. weapons’ as Kim Jong-un’s economic policy backfires

May 16, 2025 11:03 AM PDT

Rice prices in North Korea have nearly doubled amid tightened state control, prompting inflation, market strain, and concern over public discontent.

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