North Korean leader Kim Jong Un brought his top advisers together Monday (June 7) to discuss his economic policy ahead of a major meeting of the ruling party.
A statement released by North Korea’s official news agency KCNA claimed that Kim Jong Un had proposed a plan to introduce “substantial changes” to “stabilize” the country’s economy and people’s living conditions. But the statement did not reveal any specifics of Kim Jong Un’s plan.
The powerful Central Committee of North Korea’s ruling Workers’ Party is scheduled to meet in early June to review overall state affairs in the first half of 2021 and determine what measures to take to solve the current economic problems.
According to a report by South Korea’s Yonhap News Agency, an unnamed official at South Korea’s Unification Ministry said Monday’s meeting was the first time since Kim Jong Un took power that a consultative meeting was held.
North Korea’s economy has been hit hard by decades of disorderly management, U.S.-led economic sanctions against the North’s nuclear weapons program and strict controls imposed by the North on its borders at the start of the global New Crown outbreak. The secretive regime in North Korea has not confirmed any confirmed cases of New Crown.