North Korea's Kim Jong Un calls for economic revamp, peace with South

01 Jan 2013

1

North Korean leader Kim Jong UnNorth Korean leader Kim Jong Un has called upon the nation to embark on "an all-out struggle" to revamp its impoverished economy and to ''remove confrontation'' on the divided peninsula.

In his televised New Year's address broadcast by state media, Kim urged the nation to embark on revamping the nation's poverty-stricken economy on the same spirit that saw North Korea launch a long-range rocket last month.

"Let us bring about a radical turn in the building of an economic giant with the same spirit and mettle as were displayed in conquering space," Kim said, stressing the need to improve the standard of living of the country's malnourished population.

He, however, did not provide details as to what specific measures would be taken to improve the lot of the people.

North Korea depends heavily on China, its key ally, for trade.

On the country's relations with South Korea, Kim said removing "confrontation" between the two sides would be key to bringing about their reunification. He also criticized the "hostile policy" of "anti-reunification forces" in the South.

Latest articles

Sweden fines SBB over accounting violations, raising scrutiny on property sector

Sweden fines SBB over accounting violations, raising scrutiny on property sector

Ukraine-Russia peace talks enter second day in Geneva amid pressure concerns

Ukraine-Russia peace talks enter second day in Geneva amid pressure concerns

India asks university to exit AI summit after robot’s origin questioned

India asks university to exit AI summit after robot’s origin questioned

Redmond’s global reach: Microsoft on pace for $50 billion AI investment in the Global South

Redmond’s global reach: Microsoft on pace for $50 billion AI investment in the Global South

Data centres explore funding uranium projects as AI power demand surges, says NexGen CEO

Data centres explore funding uranium projects as AI power demand surges, says NexGen CEO

Nvidia signs multiyear AI chip supply agreement with Meta amid sustained infrastructure demand

Nvidia signs multiyear AI chip supply agreement with Meta amid sustained infrastructure demand

Spain approves $8 billion aid package for storm-hit regions as floods damage homes and crops

Spain approves $8 billion aid package for storm-hit regions as floods damage homes and crops

Warner Bros rejects revised Paramount bid, sets deadline for improved offer amid Netflix deal

Warner Bros rejects revised Paramount bid, sets deadline for improved offer amid Netflix deal

EU opens probe into Shein over illegal products and app design

EU opens probe into Shein over illegal products and app design