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Kim Lays Blame At Officials For N. Korea’s Economic Failures

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In this photo taken during a four-day meeting held from Feb. 8, 2021 until Feb. 11, 2021 and provided by the North Korean government, North Korean leader Kim Jong Un attends at a meeting of Central Committee of Worker’s Party of Korea in Pyongyang, North Korean. Independent journalists were not given access to cover the event depicted in this image distributed by the North Korean government. The content of this image is as provided and cannot be independently verified. Korean language watermark on image as provided by source reads: "KCNA" which is the abbreviation for Korean Central News Agency. (Korean Central News Agency/Korea News Service via AP)

(AP) — North Korean leader Kim Jong Un ripped into the performance of his Cabinet and fired a senior economic official he appointed a month ago, saying they’d failed to come up with new ideas to salvage an economy in decay.

The report by state media on Friday comes during the toughest period of Kim’s nine-year rule. The diplomacy he had hoped would lift U.S.-led sanctions over his nuclear program is stalemated, and pandemic border closures and crop-killing natural disasters last year deepened the damage to an economy broken by decades of policy failures.

Some analysts say the current challenges may set up conditions for an economic catastrophe that destabilizes markets and triggers public panic and unrest.

 

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