April 19, 2024
News

North Korea’s ‘empty’ economic policies created major wealth gap: Kim Jong Un

Leader vows to rebuild industry in every city and town over next 10 years to address widespread ‘backward’ conditions

North Korean leader Kim Jong Un admitted that decades of party policy has failed to bring economic development to the country, introducing a new plan to build industrial centers in 200 cities and counties within ten years, according to state media on Tuesday.

In a striking speech at a Supreme People’s Assembly (SPA) session the previous day, Kim said his government has offered “empty words” on rural development in the past, leading to “backward” conditions nationwide that mean not a single factory is up to standards.

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