North Korea’s Kim Tells Party Congress Economic Plan Failed ‘Tremendously’

today01/06/2021 3

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North Korea’s Kim Tells Party Congress Economic Plan Failed ‘Tremendously’

Via Reuters:

North Korean leader Kim Jong Un said his five-year economic plan had failed to meet its goals “on almost every sector” as he kicked off a congress of the ruling Workers’ Party, state media KCNA reported on Wednesday.

The rare political gathering, which Kim last hosted in 2016, has drawn international attention as he is expected to unveil a new five-year economic plan and address inter-Korean ties and foreign policy. The congress, attended by 250 party executives, 4,750 delegates and 2,000 spectators, comes just two weeks before U.S. President-elect Joe Biden takes office.

In his opening speech, Kim said the country had achieved a “miraculous victory” by bolstering its power and global prestige, referring to military advances that culminated in successful tests in 2017 of intercontinental ballistic missiles capable of striking the U.S. mainland and a series of meetings with U.S. President Donald Trump.

But the five-year economic strategy unveiled in 2016 had failed to deliver, he said, urging North Korea’s greater self-reliance.

“The strategy was due last year but it tremendously fell short of goals on almost every sector,” Kim said, according to KCNA.

Kim had sought to accelerate economic growth and boost electricity supplies but U.N. agencies reported chronic power and food shortages, exacerbated by sanctions, the coronavirus pandemic and severe floods.

While consolidating power with a series of military provocations and ruthless purges, Kim has been trying to build a “man of the people” persona by openly admitting some of his failures – once a taboo in a country that reveres an errorless, godlike leader.

Kim was even seen shedding tears as he thanked people for their sacrifices at a military parade in October.

“He seems to have made a strategic decision to admit economic failure as he can also blame the coronavirus,” said Shin Beom-chul, a senior fellow at the Korea Research Institute for National Strategy in Seoul.

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Written by: LoneRhody

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