About
Jeonseong (also romanised Jonsong) is a North Korean debit card issued by the Central Bank of the DPRK and backed by a bank account that the holder funds by depositing cash. The balance can be spent at state-run shops and department stores; holders get deposit notifications by phone and can check balances and send money to other regions through the Ullim app. Unlike Samhung and other e-wallets built by North Korea's technology sector, it comes from the banking sector, and reporting describes use as limited, partly because of distrust of banks after the 2009 currency reform. Sources disagree on its launch year (2010 or 2015).
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