So far, North Korea’s new economic plan is full of bad signs



Analysis So far, North Korea’s new economic plan is full of bad signs State media shared vague details about Party Congress economic reforms that suggest more state control on DPRK markets Peter Ward January 11, 2021 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON NK Pro Kim Jong Un is emerging out of the Eighth Party Congress with a report that hints at little change from where the country was a year ago. Nevertheless, the information unveiled by the Rodong Sinmun gives us some indication of where economic policy and planning is headed — and the signs are far from encouraging for anyone that’s hoping for a North Korea that will promote growth, development and greater economic freedom for its people. Here are some key takeaways: Few target industries divulged: The five-year economic plan usually includes economic targets where the country hopes 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 01What Kim Jong Un’s candid admission of failure says about his economic approach 02Plenum leadership reshuffles preview Kim Jong Un’s priorities for new year 0312K troops, 42 flights, 1 alliance: Thriving North Korea-Russia ties in numbers 04What to make of Kim Jong Un’s plenum call for ‘most hardline’ posture toward US 05North Korea building new warship likely to be country’s largest, photos show 06Suspected North Korean drone base and factory face construction slowdown 07Lessons from chaos: What Kim Jong Un sees in an era of global turmoil 08In 2024, Kim Jong Un swaggered on the global stage like never before

Analysis

So far, North Korea’s new economic plan is full of bad signs

State media shared vague details about Party Congress economic reforms that suggest more state control on DPRK markets

Peter Ward January 11, 2021

So far, North Korea’s new economic plan is full of bad signs

NK Pro

Kim Jong Un is emerging out of the Eighth Party Congress with a report that hints at little change from where the country was a year ago. Nevertheless, the information unveiled by the Rodong Sinmun gives us some indication of where economic policy and planning is headed — and the signs are far from encouraging for anyone that’s hoping for a North Korea that will promote growth, development and greater economic freedom for its people.

Here are some key takeaways:

Few target industries divulged: The five-year economic plan usually includes economic targets where the country hopes

01What Kim Jong Un’s candid admission of failure says about his economic approach
02Plenum leadership reshuffles preview Kim Jong Un’s priorities for new year
0312K troops, 42 flights, 1 alliance: Thriving North Korea-Russia ties in numbers
04What to make of Kim Jong Un’s plenum call for ‘most hardline’ posture toward US
05North Korea building new warship likely to be country’s largest, photos show
06Suspected North Korean drone base and factory face construction slowdown
07Lessons from chaos: What Kim Jong Un sees in an era of global turmoil
08In 2024, Kim Jong Un swaggered on the global stage like never before

So far, North Korea’s new economic plan is full of bad signs

LATEST ANALYSIS

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Peter Ward