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 01North Korea prioritizes shipyard construction as major naval base project stalls 02North Korea heralds naval revolution with launch of impressive new destroyer 03How secret North Korean customs rules lay bare a bizarre trade regime 04Elite absences hint at a North Korean power struggle ahead of party congress 05With Yoon’s exit, South Korea faces critical choices on North Korea strategy 06Tools of the trade: How North Korea launders billions in stolen cryptocurrency 07North Korea’s ‘new’ sniper rifle likely Austrian import or copy: Analysis 08North Korean ICBM factory upgrade project resumes, expands: Imagery

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

01North Korea prioritizes shipyard construction as major naval base project stalls
02North Korea heralds naval revolution with launch of impressive new destroyer
03How secret North Korean customs rules lay bare a bizarre trade regime
04Elite absences hint at a North Korean power struggle ahead of party congress
05With Yoon’s exit, South Korea faces critical choices on North Korea strategy
06Tools of the trade: How North Korea launders billions in stolen cryptocurrency
07North Korea’s ‘new’ sniper rifle likely Austrian import or copy: Analysis
08North Korean ICBM factory upgrade project resumes, expands: Imagery

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

LATEST ANALYSIS

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Peter Ward