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 01In 2024, Kim Jong Un swaggered on the global stage like never before 02Military dominates Kim Jong Un’s attention in his busiest year in nearly decade 03How Trump’s return could transform North Korea’s quiet ties with Thailand 04How Assad’s downfall could expose secrets of North Korea-Syria military ties 05All the companies that participated in the Pyongyang Autumn Trade Fair 2024 06No Chinese firms joined North Korea’s latest trade fair dominated by Russia 07What defectors’ exam scores reveal about the quality of North Korean health care 08North Korean Il-76 cargo planes make rare flights to northeast coast

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

01In 2024, Kim Jong Un swaggered on the global stage like never before
02Military dominates Kim Jong Un’s attention in his busiest year in nearly decade
03How Trump’s return could transform North Korea’s quiet ties with Thailand
04How Assad’s downfall could expose secrets of North Korea-Syria military ties
05All the companies that participated in the Pyongyang Autumn Trade Fair 2024
06No Chinese firms joined North Korea’s latest trade fair dominated by Russia
07What defectors’ exam scores reveal about the quality of North Korean health care
08North Korean Il-76 cargo planes make rare flights to northeast coast

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

LATEST ANALYSIS

Similar Articles

About the Author

Peter Ward