N.Korean 5-year plan to promote energy production, trade | NK News
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October 03, 2026Oct 03, 2026

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N.Korean 5-year plan to promote energy production, trade

Premier outlines industry and infrastructure developments for 2016-2020 growth plan

North Korean Premier of the Cabinet Pak Pong Ju yesterday outlined further details of the country’s five-year economic growth plan, according to the Korean Central News Agency (KCNA) on Thursday.

The five-year economic plan (2016-2020) was first provisionally outlined during the Seventh Worker’s Party Congress in May and was discussed again during the Fourth meeting of 13th Supreme People’s Assembly (SPA) in Pyongyang on Wednesday.

“The objective of the five-year strategy, he (Pak) said, is to lay the foundations for sustainable economic development by reenergizing the overall national economy and ensuring balance among different sectors,” the KCNA article read. Specific details on