Go Search Go Contents Go to bottom site map

N.K. strongly controls prices in flood-stricken areas

2016/09/28 14:55

SEOUL, Sept. 28 (Yonhap) -- North Korea is going all out in blocking the cornering and the skyrocketing of rice prices in its flood-devastated northeastern areas, a Seoul-based news outlet specializing in the North reported Wednesday.

This summer, six areas in North Hamkyong Province in the North were devastated by heavy rains accompanied by Typhoon Lionrock, with the United Nations having estimated that 138 North Koreans were killed and 400 others are missing by the floods, with about 20,000 houses destroyed.

"Security agents and patrolmen are strongly cracking down on activities of cornering rice and raising rice prices (in flooded areas)," the Daily NK quoted a source from the North's North Hamkyong Province as saying.

Therefore, there's no big difference in rice price before and after the worst-ever flood hit the region, the source said.

"A merchant was trying to sell 1 kilogram of rice at 8,000 won shortly after heavy rains flooded the area, but was unable to do so due to strict control by security agents," the source said.

Rice price once soared to 6,000 won from 5,000 won per kilogram before the floods, and now remains at the 5,000 won level, according to the source, adding that pork prices also showed no noticeable change, selling at 13,000 won per kilogram as before.

"Prices in the deluged areas are stable, in general," the source said.

(END)

angloinfo.com