In North Korea, the relentless rise in the exchange rates of foreign currencies, coupled with surging food prices, paints a bleak picture of an economy on the brink of collapse. Photo by Lukas Kindl/Pexels In just half a year, the value of the North Korean ...

A pattern of tightening market controls and soaring prices has culminated in an ambitious government intervention – a comprehensive plan to regulate the grain trade. North Korea finds itself in the grip of a severe economic crisis marked by a dramatic ...

North Korea said on Thursday it had tested a “cutting-edge” new weapon system using hypersonic missiles aimed at bolstering its defenses against the country’s foes.