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 on Monday to assess its third-quarter economic performance, with the discussion extending to setting yearly economic targets, according to the country's official newspaper, Rodong Sinmun. Premier Pak Thae-song led the meeting.
Officials reviewed the economic objectives established at the Ninth Congress of the Workers' Party of Korea, which took place in February and outlined a new five-year plan through 2030. This plan emphasized the importance of economic growth and self-reliance.
Vice Premier Kim Tok-hun stated, "Remarkable progress has been made, and the foundation for a self-reliant economy has been reinforced." He urged government officials to abandon a "passive and risk-averse" work ethic and to address the "defects and bias" encountered in the execution of economic policies.
The meeting specifically focused on boosting production in areas such as electricity, coal, agriculture, and construction. Additionally, it emphasized the progress of the fifth phase of the Hwasong district, a newly developed residential area in Pyongyang, as well as local industrial projects.
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.
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