Floods disrupt North Korean smuggling, spike prices in Yalu border city

Title: State-Led Smuggling Suspended Due to High Water Levels on Yalu River

Summary:
The suspension of state-led smuggling on the Yalu River in North Korea has caused a steep increase in the prices of imported goods in Hyesan. After heavy rains, cross-border smuggling remains off-limits, leading to a rise in prices across the board. State-led smuggling, overseen by North Korea’s Ministry of State Security, has not resumed since its suspension by Kim Jong Un. With high water levels making transport difficult, prices for goods like electronic devices and car parts have skyrocketed. The ban on smuggling has affected merchants and the general public, with dwindling sales and profits. Residents hope for a return to smuggling to revitalize the marketplace. Daily NK’s sources, who remain anonymous for security reasons, provide valuable insights into the economic situation. Despite challenges, the resilience of individuals in North Korea shines through, as they navigate the impacts of the smuggling suspension.

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