BUSINESS

Kim Jong-un floats a hot-air economic balloon

Asia focus, Erich Parpart, Published on 16/01/2017

» "Juche", or self-reliance in the face of international isolation, has been the only economic strategy on offer in North Korea ever since Kim Il-sung came to power seven decades ago. But the founder's grandson and today's "Supreme Leader" has now laid out his first five-year economic plan as he sets out to stamp his authority on the country.