April 24, 2024
News

N. Korea reforms finance, banking system

Party try to increase control over financial officials and local industrial organizations

North Korea convened the third national conference of financial and banking officials on Sunday in Pyongyang, highlighting improvements in the country's financial systems.

North Korean leader Kim Jong Un emphasized the leading role of the Workers' Party of Korea (WPK) and united initiatives of the projects. He suggested strengthening currency circulation as the North Korean banking sector's primary task.

Become a member for less than $4 per week.

  • Unlimited access to all of NK News: reporting, investigations, analysis
  • The NK News Daily Update, an email newsletter to keep you in the loop
  • Searchable archive of all content, photo galleries, special columns
  • Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts.
Subscribe now

All major cards accepted. No commitments – you can cancel any time.