Kim Jong Un Pushes for Regional Economic Revitalization

North Korean leader Kim Jong Un urges improvement of industrial production outside Pyongyang to bolster rural economies. Speaking in Songchon County, he emphasized modernizing regional manufacturing and agriculture for annual progress despite challenges. North Korea's GDP rebounded in 2022 after three years of pandemic-driven decline.


Devdiscourse News Desk | Seoul | Updated: 21-12-2024 03:33 IST | Created: 21-12-2024 03:33 IST
Kim Jong Un Pushes for Regional Economic Revitalization
Kim Jong Un
  • Country:
  • South Korea

North Korea's leader, Kim Jong Un, called for increased focus on the development of industrial production in regions beyond the capital, Pyongyang. This initiative aims to enhance rural economies, according to a report by state media KCNA on Saturday.

Kim emphasized the need for modernization of regional manufacturing facilities and improvements in agriculture during a ceremony for new production facilities in Songchon County, situated northeast of Pyongyang. The leader participated in a ribbon-cutting event and inspected rooms where products like soy sauce and bean paste are manufactured.

This economic push follows North Korea's GDP shrinkage for three consecutive years due to the pandemic, with a recent rebound last year. The country's GDP remains significantly smaller than South Korea's, highlighting the economic challenges it faces.

(With inputs from agencies.)

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