North Korea’s Kim Jong Un requires stronger rural economies, state media says

SEOUL (Reuters) – North Korean chief Kim Jong Un referred to as to step up improvement of the nation’s industrial manufacturing in areas outdoors Pyongyang to strengthen rural economies, state media KCNA mentioned on Saturday.

Kim referred to as for the modernisation of regional manufacturing amenities, enhancements in agriculture, and “to give you clear outcomes yearly, no matter circumstances”.

Kim was talking on Friday at a ceremony for brand new manufacturing amenities in Songchon County, northeast of Pyongyang, by which he participated in ribbon-cutting and toured manufacturing rooms for merchandise resembling soy sauce and bean paste, KCNA mentioned.

Final 12 months, North Korea’s nominal GDP stood at 40.2 trillion received ($27.86 billion), or simply 1.7% that of South Korea’s 2,401.2 trillion received, South Korea’s statistics company mentioned on Friday.

North Korea’s GDP had shrunk for 3 straight years since 2020 throughout the pandemic when the nation shut its borders, and solely rebounded final 12 months, the company mentioned.

($1 = 1,443.1400 received)