Kim Blames Officials For N. Korea’s Economic Failures

February 12, 2021 4:24 am

SEOUL, South Korea (AP) – North Korean leader Kim Jong Un ripped into the performance of his Cabinet and fired a senior economic official he appointed a month ago, saying they’d failed to come up with new ideas to salvage an economy in decay. The report by state media on Friday comes during the toughest period of Kim’s nine-year rule. The diplomacy he had hoped would lift U.S.-led sanctions over his nuclear program is stalemated, and pandemic border closures and crop-killing natural disasters last year deepened the damage to an economy broken by decades of policy failures. Some analysts say the current challenges may set up conditions for an economic catastrophe that destabilizes markets and triggers public panic and unrest.