[Summary] North Korea Political Bureau Meeting... Criticism of Economic Management and Discussion on Preparation for 8th Party Congress

[Asia Economy Reporter Kim Dong-pyo] North Korean leader Kim Jong-un held an expanded meeting of the Workers' Party Political Bureau and criticized the overall recent economic management situation.

According to the Korean Central News Agency on the 20th, Kim held an expanded meeting of the Workers' Party Political Bureau to prepare for the 8th Party Congress scheduled for January next year, criticized the overall recent economic management situation, and discussed preparations for the 8th Party Congress scheduled for January next year, KCNA reported on the 30th.

The expanded Political Bureau meeting was held at the Workers' Party headquarters building, covering ▲ listening to the preparation status of the 8th Party Congress and discussing countermeasures ▲ reorganization of the Party Central Committee's organizational structure ▲ criticism of the economic management situation by economic guidance institutions and discussion of improvement measures.

In particular, the meeting "seriously criticized the fact that economic guidance institutions are not scientifically guiding their respective sectors according to objective and subjective environments and conditions, and are failing to overcome subjectivism and formalism," the news agency reported.

Accordingly, they discussed "improving Party guidance on economic affairs and important issues for executing urgent economic tasks" and unanimously adopted "important decisions."

The news agency added that the meeting emphasized "thoroughly ensuring scientific accuracy in the operation and command for implementing the Party's economic policies and demonstrating infinite dedication and responsibility."

Earlier, the National Intelligence Service reported on the 27th that Kim Jong-un executed a major currency exchanger amid recent economic difficulties such as rising prices and declining industrial operation rates, suggesting that issues related to people's livelihoods and urgent economic difficulties were likely pointed out at this meeting.

Regarding preparations for the 8th Party Congress, the meeting also pointed out a series of biases appearing in "the summary of work and elections of leadership bodies of Party organizations at all levels, the progress of Party meetings for electing representatives to send to the Party Congress, the preparation status of Party Congress documents, and the preparation status of political and cultural events to be held before and after the Party Congress," and presented important tasks and directions for the preparation committee.

Additionally, the meeting discussed "the issue of reorganizing the relevant departments and organizations of the Party Central Committee" to strengthen "the Party's leadership system and ideological work sector" and approved organizational structural matters.

The meeting was attended by Standing Members, Members, and Candidate Members of the Party Political Bureau, along with key officials of major Party departments and members of the 8th Party Congress preparation committee as observers.

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