North Korea's Economic Recovery Driven by Enhanced Relations with Russia and China, Reports Seoul
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Seoul, April 15 (NationPress) The economy of North Korea is currently experiencing a recovery phase attributed to its strengthening ties with Russia and China, marking a departure from a previous recession, according to a report from the unification ministry in Seoul released on Wednesday.
This assessment was presented in the ministry's five-year strategy for inter-Korean relations, which spans from 2026 to 2030, and was submitted to the National Assembly's Foreign Affairs and Unification Committee, as reported by Yonhap news agency.
The unification ministry noted that North Korea has effectively 'established and is sustaining cooperative relationships' akin to an alliance with Russia, particularly in the domains of advanced weaponry and technology exchange. Additionally, it is pursuing a practical improvement in its relations with China, a dynamic that is propelling the national economy towards recovery.
Specifically, North Korea aims to enhance its 'strategic autonomy' and 'negotiating power' by capitalizing on the intensifying Sino-U.S. rivalry, while simultaneously strengthening diplomatic efforts with traditional allies of the regime, according to the ministry's findings.
The framework for inter-Korean relations is revised every five years, with the latest iteration emerging following the shelving of the previous plan, which was initiated under the ousted former President Yoon Suk Yeol after just three years.
This new plan emphasizes the institutionalization of the Lee Jae Myung administration's policy to foster 'peaceful coexistence' with North Korea, establishing a foundation for mutual economic development, and striving for a Korean Peninsula devoid of warfare and nuclear arms.
In a related development, the largest labor unions from North Korea and Russia convened in Pyongyang and formalized an agreement to enhance cooperation, as reported by the North's state media on Wednesday.
Ri Won-jong, the leader of the General Federation of Trade Unions of Korea, and Sergei Chernogayev, the head of the Federation of Independent Trade Unions of Russia, signed a memorandum of understanding aimed at fostering friendship and collaboration during discussions held in Pyongyang the day before, according to the Korean Central News Agency (KCNA).
The discussions focused on strategies to broaden and fortify exchanges and cooperation between the trade unions of the two nations in light of the evolving North Korea-Russia friendship, which has entered a new phase, as stated by the KCNA.
A delegation from the Russian trade union, boasting an estimated 19 million members, has been on a visit to North Korea since Monday.
This development follows a closer alignment between the two nations across various sectors, particularly after North Korea deployed troops to assist Russia in its ongoing conflict in Ukraine, which has in turn led to Russia supplying essential military technologies and resources to Pyongyang.