December 30, 2020

Kim Jong Un to unveil new economic plan as North Korea crisis deepens

Featuring Duyeon Kim

Source: The Financial Times

Journalist Edward White

North Korean leader Kim Jong Un will chair a five-year gathering of senior officials early in the new year, state media said, which is expected to include the unveiling of a new medium-term development plan.

But analysts say Mr Kim has few viable options as North Korea faces its worst economic crisis since the young dictator took power in 2011. Mr. Kim has publicly pursued a dual objective of developing economic and nuclear weapons since taking control of the pariah state upon the death of his father, Kim Jong Il.

The Workers’ Party Congress will be closely watched for signs of how the regime plans to survive a triple blow of crippling sanctions, border closures caused by coronaviruses and extreme flooding and damage from typhoons this year.

Read the full story and more from the Financial Times.

Authors

  • Duyeon Kim

    Adjunct Senior Fellow, Indo-Pacific Security Program

    Duyeon Kim is an Adjunct Senior Fellow with the Indo-Pacific Security Program at the Center for a New American Security (CNAS). Her expertise includes the two Koreas, nuclear ...