Kim Jong Un sets ambitious economic goals but has no real plan to achieve them



Analysis Kim Jong Un sets ambitious economic goals but has no real plan to achieve them In latest speech, North Korean leader doubles down on decades-old proposals that have failed to fix incentive problems Peter Ward September 13, 2022 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON A North Korean propaganda poster released to support the key tasks Kim Jong Un outlined in his latest speech \| Image: KCNA (Sept. 13, 2022) Kim Jong Un’s lengthy speech to the Supreme People’s Assembly (SPA), while grabbing headlines for his statement that North Korea will “never give up” nuclear weapons, also featured important announcements on the country’s economy. Notably, the DPRK leader set out the country’s economic agenda for the coming two years as part of the five-year plan launched in 2021, providing updates on the economy and the direction of growth and investment in the coming years. An NK Pro analysis of the speech indicates: North Korea has set ambitious-looking targets for economic growth Read More © 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. LATEST ANALYSIS 01How North Korean hackers and IT workers collude to cause chaos 02What pro-Trump think tanks reveal about his likely North Korea policy priorities 03Yoon bet on US to deter North Korea. Now he faces an alliance skeptic in Trump. 04All the question marks hanging over Trump’s approach to North Korea in term two 05Time almost up for North Korea’s plan to launch 3 military satellites in 2024 06Trump return rekindles prospects of North Korea talks, but Russia stands in way 07How China could benefit from North Korea’s troop deployment to Ukraine 08New North Korean ICBM delivers big political message, and likely bigger payloads

Analysis

Kim Jong Un sets ambitious economic goals but has no real plan to achieve them

In latest speech, North Korean leader doubles down on decades-old proposals that have failed to fix incentive problems

Peter Ward September 13, 2022

Kim Jong Un sets ambitious economic goals but has no real plan to achieve them

A North Korean propaganda poster released to support the key tasks Kim Jong Un outlined in his latest speech | Image: KCNA (Sept. 13, 2022)

Kim Jong Un’s lengthy speech to the Supreme People’s Assembly (SPA), while grabbing headlines for his statement that North Korea will “never give up” nuclear weapons, also featured important announcements on the country’s economy.

Notably, the DPRK leader set out the country’s economic agenda for the coming two years as part of the five-year plan launched in 2021, providing updates on the economy and the direction of growth and investment in the coming years.

An NK Pro analysis of the speech indicates:

North Korea has set ambitious-looking targets for economic growth

01How North Korean hackers and IT workers collude to cause chaos
02What pro-Trump think tanks reveal about his likely North Korea policy priorities
03Yoon bet on US to deter North Korea. Now he faces an alliance skeptic in Trump.
04All the question marks hanging over Trump’s approach to North Korea in term two
05Time almost up for North Korea’s plan to launch 3 military satellites in 2024
06Trump return rekindles prospects of North Korea talks, but Russia stands in way
07How China could benefit from North Korea’s troop deployment to Ukraine
08New North Korean ICBM delivers big political message, and likely bigger payloads

Kim Jong Un sets ambitious economic goals but has no real plan to achieve them

LATEST ANALYSIS

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Peter Ward