N. Korea’s new leader expected to announce economic reforms in shift from military supremacy

Special to WorldTribune.com

By Lee Jong-Heon, East-Asia-Intel.com

SEOUL — North Korea has formed a task force to overhaul the reclusive country’s rigid economic management under new ruler Kim Jong-Un’s reform initiatives, South Korea’s intelligence officials said.

The Chaeha Market in Sinuiju is packed with vendors and customers in this screenshot from a video obtained by Chosun Ilbo from a N. Korean source.

The task force is reviewing a set of economic measures drafted on June 28 that focus on improving the country’s chronic food shortages and sluggish industry.

It is part of efforts to solidify Kim’s credentials as the country’s supreme leader, the officials said.

“The North is expected to unveil new policies sooner or later,” an official said.

Another source said the measures are likely to be announced in September or October.

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