Economic
North Korea pledges new five‑year economic plan at parliament
North Korean leader Kim Jong Un told the country's legislature that Pyongyang would launch a new five‑year economic plan while expanding its nuclear deterrent, according to state media reports dated M
North Korean leader Kim Jong Un announced to the country's Supreme People's Assembly that his government will push ahead with a new five‑year economic plan, focusing on strengthening strategic industries, infrastructure, and state‑led production while continuing to expand a self‑defensive nuclear deterrent. State media KCNA reported the remarks on March 23, 2026, describing the plan as a key step toward stabilizing the national economy and achieving qualitative development through centralized control and mobilization of resources. The pledge follows a congress‑driven policy reset and comes amid modest GDP growth in recent years, propelled by trade with Russia and China and increased domestic construction and manufacturing. The plan signals sustained priority for military and heavy industry alongside tightly managed economic reforms.
- Status
- active
- Location
- Pyongyang, North Korea
- Date added
- 2026-03-25 23:13 UTC
- Last updated
- 2026-03-25 23:13 UTC
- Source
- Reuters
- Connected threats
- Not provided