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Easing power shortage critical for N.K.'s new economy plan: report

2016/05/17 16:31

SEOUL, May 17 (Yonhap) -- A pro-North Korean newspaper based in Japan said Tuesday that easing electric power shortages will be a prerequisite for North Korea to implement its new five-year plan for economic growth.

Without spelling out details, North Korean leader Kim Jong-un laid out a five-year strategy aimed at boosting the country's moribund economy at the party congress which concluded its four-day run on May 9.

Kim stressed that resolving the shortage of electric power is critical to carrying out his vision for economic growth, saying that nuclear power generation needs to increase.

The Chosun Sinbo hailed the North's economic plan, saying that if realized, the move will pave the way to improve the livelihood of people and boost balanced growth.

"North Korea is likely to focus on developing the defense industry...and to make efforts to tweak its advanced technology on the military and space programs to be applied into the improvement of North Koreans' livelihood," the newspaper said.

At the party congress, the North's leader made it clear that he will "permanently" defend the pursuit of his signature policy of developing nuclear weapons in tandem with boosting the country's moribund economy, commonly known as the "byeongjin" policy.

The newspaper said that the communist country is expected to lay out measures to back up the "dual-track" policy at the party level.

"As Pyongyang raised the issue of power shortages, the country is likely to focus on uses of nuclear power," said Chang Yong-seok, a researcher at Seoul National University's Institute for Peace and Unification Studies.

Kim's vision for economic growth came after the U.N. Security Council slapped its toughest sanctions to date on North Korea for its fourth nuclear test in January and long-range rocket launch the following month.

Analysts said that Kim's five-year economic development vision is too short on detail, especially when compared with his grandfather Kim Il-sung's blueprint for economic growth which was unveiled at the party congress held in October 1980.

The North's founder unveiled the 10-point plan to build a socialist country by setting special targets in economic sectors.

sooyeon@yna.co.kr

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