North Korea's long-term economic goals 'seriously delayed,' ruling party says



News North Korea’s long-term economic goals ‘seriously delayed,’ ruling party says Plenum meeting reveals details ahead of Eighth Congress in Jan. 2021, where a new five-year economic plan will emerge Colin Zwirko \| Jeongmin Kim August 19, 2020 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Rodong Sinmun Updated at 19:45 KST on Aug. 20 to include expert comments North Korean authorities failed to improve the lives of citizens or meet long-term economic goals due to recent “unexpected and inevitable challenges,” Kim Jong Un said at a ruling party Plenary Meeting on Aug. 19, according to a state media report. The ruling party will convene its eighth full Congress next January to announce a new five-year economic plan, the report stated. Past Workers’ Party of Korea (WPK) Central Committee (CC) Plenums outlined major policy shifts on U.S. relations and more detailed reports on economic goals, but Wednesday’s © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by Trending

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North Korea’s long-term economic goals ‘seriously delayed,’ ruling party says

Plenum meeting reveals details ahead of Eighth Congress in Jan. 2021, where a new five-year economic plan will emerge

Colin Zwirko | Jeongmin Kim August 19, 2020

North Korea’s long-term economic goals ‘seriously delayed,’ ruling party says

Rodong Sinmun

Updated at 19:45 KST on Aug. 20 to include expert comments

North Korean authorities failed to improve the lives of citizens or meet long-term economic goals due to recent “unexpected and inevitable challenges,” Kim Jong Un said at a ruling party Plenary Meeting on Aug. 19, according to a state media report.

The ruling party will convene its eighth full Congress next January to announce a new five-year economic plan, the report stated.

Past Workers’ Party of Korea (WPK) Central Committee (CC) Plenums outlined major policy shifts on U.S. relations and more detailed reports on economic goals, but Wednesday’s

About the Authors

Colin Zwirko

Colin Zwirko is a Senior Analytic Correspondent for NK News based in Seoul. He joined the company in 2018 after receiving a master's degree in international security and foreign policy from South Korea's Yonsei University. Follow him on Bluesky / Twitter.

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Jeongmin Kim

Jeongmin Kim is Executive Director at Korea Risk Group, based in Seoul. She covers inter-Korean relations and North and South Korean foreign and military affairs. Kim has covered the 2022 ROK presidential election on the ground, and prior to joining NK News, she worked for the CSIS Korea Chair in Washington D.C. and Reuters news agency’s Seoul bureau.

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