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North Korea Banking News. Service for global professionals. Constantly updated news and information about North Korea.
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  • North Korea Takes Aim at the Black Market 1 Dec 2009 17:31 GMT
    ... In a rare attempt at economic reform, Pyongyang deregulated prices and introduced street and farmers' ... as the government reduced supply of rations. North Korean shoppers embraced those markets—as well as ... According to reports in South Korea's media, North Korea on Nov. 30 redenominated its currency, issuing ...

  • North Korea revamps currency to curb black 1 Dec 2009 14:50 GMT
    ... SEOUL, Dec. 1 (UPI) -- North Korea sharply raised the value of its currency ... city of Shenyang, not far from the North Korean border. The unexpected measure caused panic ... 300 across the country, including 10 in Pyongyang. As a result, privately run shops are ...

  • North Korea revamps currency to curb black market 1 Dec 2009 16:50 GMT
    ... SEOUL, Dec. 1 (UPI) -- North Korea sharply raised the value of its currency ... city of Shenyang, not far from the North Korean border. The unexpected measure caused panic ... 300 across the country, including 10 in Pyongyang. As a result, privately run shops are ...

  • North Korea Revalues Currency, Triggering Chaos 1 Dec 2009 14:56 GMT
    ... SEOUL -- North Korea revalued its currency for the first time ... from the North, as people rushed to banks and offices of the ruling Workers Party ... get information, make exchanges or trade existing North Korean won for euros and U.S. dollars. The ...

  • 3RD LD: N. Korea redenominates currency for 1st time in 17 years+ 1 Dec 2009 11:31 GMT
    ... Dec. 1 (AP) - (Kyodo)-(EDS: ADDING INFO) North Korea has redominated its currency, the won, for ... sources and news reports said Tuesday. The North Korean Foreign Ministry notified foreign diplomats based ... Foreign Ministry notified foreign diplomats based in Pyongyang of the matter at a meeting Tuesday ...

  • CORRECTED: 3RD LD: N. Korea redenominates currency for 1st time in 17 years+ 1 Dec 2009 14:12 GMT
    ... years+ (AP) - BEIJING/SEOUL, Dec. 1 (Kyodo)-North Korea has redenominated its currency, the won, for ... sources and news reports said Tuesday. The North Korean Foreign Ministry notified foreign diplomats based ... Foreign Ministry notified foreign diplomats based in Pyongyang of the matter at a meeting Tuesday ...

  • North Koreans Panic About Their Big Bags of Devaluated Cash 1 Dec 2009 15:53 GMT
    ... no restrictions for foreign citizens living in North Korea – they can exchange any amount of ... can be seen in front of many banks. The lines grow every hour as people ... Until recently, the official rate of the North Korean won against the US dollar was fluctuating ...

  • On the imminent Cyber Warfare, what's Ghana's preparedness? 1 Dec 2009 12:34 GMT
    ... namely the UK, Germany, France, China and North Korea are arming to defend themselves in a ... 2007. A number of government websites, Estonian banks and media websites were brought down by a ...

  • Seoul shares flat after early volatility 1 Dec 2009 02:50 GMT
    ... * Markets briefly jumpy on rumours of Kim Jong-il's death ... 0144 GMT. Analysts said unfounded rumours that North Korean leader Kim Jong-il had died, briefly shook ... crude refiner, was down 0.95 percent. But banking issues rose, continuing to recover from big ...

  • Seoul shares end up 0.9 pct after volatile trade 1 Dec 2009 07:01 GMT
    ... SEOUL, Dec 1 (Reuters) - Seoul shares ended up 0.9 ... reversing earlier losses on unsubstantiated rumours of North Korean leader Kim Jong-il's death, but rises were ... news Technology news Telecoms news Media news Banking news Politics/General news Asia Macro data A ...

  • The Obama Puppet -- The world's least powerful man 1 Dec 2009 19:12 GMT
    ... the False War. Meanwhile, the US investment banks, which have wrecked the financial stability of many ... most dangerous list the crazy regime in North Korea. The world is beginning to see America ...

  • NHL Is Canada's Most Searched Online Term in 2009; Michael Jackson Is Most Searched Person 1 Dec 2009 05:36 GMT
    ... Exchange rates 5. Sri Lanka Conflict 5. Mortgage calculator 6. Sarah Palin 6. Bank of ... 9. Afghanistan War 9. Chrysler Canada 10. North Korea 10. Gold price > Hockey tightens its ...

  • OSK Indochina Bank opens four branches in Cambodia 1 Dec 2009 07:02 GMT
    ... Framework to strengthen cooperation among developing countries North Korea revamps currency first time in 17 years ... to extend month's big gains M'sian Islamic banks not affected by Dubai crisis Dubai crisis unlikely ...

  • Cradle set to secure 30 seed and 80 to 100 pre-seed deals 1 Dec 2009 07:02 GMT
    ... Framework to strengthen cooperation among developing countries North Korea revamps currency first time in 17 years ... to extend month's big gains M'sian Islamic banks not affected by Dubai crisis Dubai crisis unlikely ...

  • Bill passed to stop postal reforms, law enacted on A-bomb sufferers+ 1 Dec 2009 05:30 GMT
    ... TOKYO, Dec. 1 (AP) - (Kyodo)-(EDS: COMBINING, UPDATING STORIES ... state-owned Japan Post Holdings Co. and its banking and insurance units. The ruling bloc of ... one to allow for the inspection of North Korean cargo, due to insufficient time for deliberations. ...


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