Chanel cosmetics, fur coats expose North Korea’s widening wealth chasm

Chanel cosmetics, fur coats expose North Korea’s widening wealth chasm

North Korea’s wealth gap is reportedly widening, as luxury goods circulate among affluent border residents while ordinary citizens face growing extreme poverty. Economic disparities in areas near the Chinese border have become more pronounced compared with the period before trade resumed, according to Daily NK on Friday. In cities such as Hoeryong in North Hamgyong province and Hyesan in Ryanggang province, cross-border commerce through customs …

Luxury goods surge in North Korea as deepening poverty widens inequality

North Korea’s wealth gap is reportedly widening, as luxury goods circulate among affluent border residents while ordinary citizens face growing extreme poverty. According to Daily NK on Nov. 22, economic disparities in areas near the Chinese border have become more pronounced compared with the period before trade resumed. In cities such as Hoeryong in North Hamgyong Province and Hyesan in Ryanggang Province, cross-border commerce through customs…