Recently, brand-name products are becoming popular among the rich in North Korea.
According to a report by Radio Free Asia, brand-name dresses cost $2,000, but people are buying so many of them that the supply is insufficient. With $2,000, one household with four family members can buy food for 3 years. The number of those looking for brand-name products is increasing so much that a luxury shop cannot fill all the orders. At a luxury shop, Chanel stockings are selling for $250, perfume for $300, and Rolex watches cost more than $10,000, the source for Radio Free Asia said.
However, how these brand-name products got into North Korea and how the profits are used remains unknown.