North Korea’s Kim Jong Un calls for stronger rural economies, state media says
2024.12.20 17:20
SEOUL (Reuters) – North Korean leader Kim Jong Un called to step up development of the country’s industrial production in regions outside Pyongyang to strengthen rural economies, state media KCNA said on Saturday.
Kim called for the modernisation of regional manufacturing facilities, improvements in agriculture, and “to come up with clear results every year, regardless of conditions”.
Kim was speaking on Friday at a ceremony for new production facilities in Songchon County, northeast of Pyongyang, in which he participated in ribbon-cutting and toured manufacturing rooms for products such as soy sauce and bean paste, KCNA said.
Last year, North Korea’s nominal GDP stood at 40.2 trillion won ($27.86 billion), or just 1.7% that of South Korea’s 2,401.2 trillion won, South Korea’s statistics agency said on Friday.
North Korea’s GDP had shrunk for three straight years since 2020 during the pandemic when the country shut its borders, and only rebounded last year, the agency said.
($1 = 1,443.1400 won)
