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N. Korea reshuffles Cabinet members responsible for economy following party congress Updated: 2021-01-18 09:40:32 KST

North Korea's Supreme People's Assembly has carried out a major reshuffle of its Cabinet members in charge of the economy following the regime's frank admission that the last economic development plan had failed.
Taking place less than a week after the regime's rare Worker's Party Congress, the annual meeting on Sunday saw the appointment of eight new vice premiers including Pak Jong-gun and Jon Hyon-chol .
Pak was also appointed chairman of the State Planning Commission.
Reporting on the regime's previous five-year economic plan during the session on Sunday, the North's Premier Kim Tok-hun admitted that "serious mistakes" were spotted.
He then pledged to carry out economic measures including the construction of tourist sites and prove the North's accomplishments to the world.
The regime increased its budget expenditure by 1.1 percent compared to last year, with the economic sectors seeing a point-6 percent increase.
The defense budget totaled almost 16 percent, the same amount as last year.
But there was no reshuffle of the State Affairs Commission, which is the North's highest decision-making body led by the leader Kim Jong-un.
There had been speculation that Jo Yong-won could become a member of the SAC.
At the party congress last week, Jo was promoted to one of the five members of the presidium of the political bureau along with Kim Jong-un.
Pyeongyang normally holds its plenary session in March or April, but this year's session appears to have been moved up to follow up on the results of the party congress.
The North's leader Kim Jong-un did not attend the SPA.
Kim Dami, Arirang News.
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