BREAKING NEWS

N Korea to establish Bureau for Economic Development

By JPOST.COM STAFF

JANUARY 15, 2011 07:21

North Korea will establish a government body to fulfill a 10-year strategy project for its economy, Reuters reported official N Korean media as saying on Saturday.

According to Reuters, the KCNA news agency reported that the government had decided to set up the State General Bureau for Economic Development so as to build a "thriving socialist nation and to take a strategic position in the region and international economic relations."

"It puts main emphasis on building infrastructure and developing agriculture and basic industries including electric power, coal, oil and metal industries and regional development," the report said.

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