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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

North Korea calls failed satellite launch ‘gravest failure’

North Korean leader Kim Jong Un attends the 8th enlarged Plenary Meeting of the 8th Central Committe... North Korean leader Kim Jong Un attends the 8th enlarged Plenary Meeting of the 8th Central Committee of the Workers' Party of Korea, in Pyongyang, North Korea, in this undated photo released by North Korea's Korean Central News Agency (KCNA) on June 19, 2023. KCNA via REUTERS
North Korean leader Kim Jong Un attends the 8th enlarged Plenary Meeting of the 8th Central Committe... North Korean leader Kim Jong Un attends the 8th enlarged Plenary Meeting of the 8th Central Committee of the Workers' Party of Korea, in Pyongyang, North Korea, in this undated photo released by North Korea's Korean Central News Agency (KCNA) on June 19, 2023. KCNA via REUTERS

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KCNA stated on Monday that North Korea’s failed military satellite launch last month was the “gravest failure” at the governing party’s latest crucial summit.

The Friday-Sunday extended plenary assembly ordered workers and researchers to investigate the failed military satellite launch and prepare for another.

The satellite launch team was “heavily criticized,” the report claimed.

It was the WPK’s 8th enlarged plenary meeting.

“After losing thrust due to the abnormal starting of the second-stage engine,” Pyongyang declared following the launch failure.

North Korea also pledged to expand its nuclear capabilities and strengthen solidarity with countries that reject the “U.S. strategy for world supremacy.”
The meeting also discussed raising agricultural output and fulfilling the yearly grain production objective to achieve food self-sufficiency.

This year, South Korea’s Unification Ministry claimed the North’s food situation “seemed to have deteriorated.”

Self-imposed border lockdowns have pressured the isolated country’s economy to prevent COVID-19 breakouts and international sanctions over its nuclear weapons and ballistic missile programs.

The KCNA report also designated Kim Yong Chol, a key assistant to leader Kim Jong Un, as an alternate member of the Political Bureau of the Party Central Committee.

A South Korean politician suggested 2019 that Kim was sidelined following a failed summit with the U.S. He negotiated the summit with former U.S. Secretary of State Mike Pompeo.


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