North Korean leader Kim Jong Un admits his economic plan has failed

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16 April 2024, 16:28

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15 April

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North Korean leader Kim Jong Un admits his economic plan has failed

06-01-2021 15:29

North Korean leader Kim Jong Un has admitted his economic development plans for the country are a failure.

In his opening speech to the congress of the Workers’ Party, Kim confessed his five-year finance programme had failed to achieve its goals “in almost all areas to a great extent”.

According to the country’s official Korean Central News Agency, he described the difficulties facing his government as “the worst-ever” and “unprecedented”.

Independent journalists were not given access to cover the event.

The five-year plan was established at the 2016 congress but following its collapse, the leader has now called for a replacement, as well as a review of North Korea"s metal, chemical, electric and other key industries.

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