N. Korea reviews Q3 economy, discusses yearly goals in Cabinet meeting
North Korea has held an enlarged Cabinet meeting via video conference to review its third-quarter economic performances, state media reported Tuesday. The meeting, presided over by Premier Pak Thae-song on Monday, also discussed ways to meet the year's economic targets, according to the Rodong Sinmun, the country's most widely read state newspaper. Officials reviewed the key goals set at the…
North Korea convened an expanded Cabinet meeting via video conference to assess its third-quarter economic performance, according to state media reports. Premier Pak Thae-song chaired the meeting on Monday, which also addressed strategies to achieve the country's yearly economic objectives. The Rodong Sinmun, the nation's most widely read newspaper, detailed the discussions.
Officials examined the primary objectives set during the Ninth Congress of the Workers' Party of Korea, which took place in February. This congress outlined a new five-year plan extending through 2030, with a focus on economic growth and self-reliance. During the meeting, Vice Premier Kim Tok-hun declared, "Remarkable progress has been made, and the foundation for self-reliant economy has been reinforced."
He urged government officials to abandon a "passive and risk-averse" work ethic and address shortcomings in economic policy implementation.
The Cabinet meeting specifically emphasized initiatives in electricity, coal production, agriculture, and construction. It also promoted the fifth phase of the Hwasong district, a newly developed residential area in Pyongyang, as well as local industrial expansion.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
