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You are here: Home / North Korea’s Kim Jong-Un Admits Economic Plan ‘Fell Short’ of Objectives in ‘Almost All Areas’

North Korea’s Kim Jong-Un Admits Economic Plan ‘Fell Short’ of Objectives in ‘Almost All Areas’

· January 6, 2021 ·

North Korean leader Kim Jong-Un has conceded that the country's five-year economic development plan, which ended last year, had missed its targets by a "great degree" as he opened the nation's first full ruling party congress in five years, according to Korean Central News Agency (KCNA). In an opening speech at the congress, that opened on 5 January, and is anticipated to last several days, the supreme leader of the Democratic People's Republic of Korea (DPRK) was cited as acknowledging that "almost all sectors fell a long way short of the set objectives" laid out at the 2016 congress. 'Victories' and 'Painful Lessons' The chairman of the Workers’ Party of Korea (WPK) described the current challenges facing his government as "the worst-ever” and "unprecedented", according to KCNA. "We should further promote and expand the victories and successes we have gained at the cost of sweat and blood, and prevent the painful lessons from being repeated," he was quoted as saying. While the North Korean leader underscored “shining successes” by the party, he admitted that “goals for improving the national economy have been seriously delayed.” Referring to North Korea’s successful tests in 2017 of intercontinental ballistic missiles, Kim Jong-Un Kim applauded… Read full this story

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