Thursday 15 December 2011

Anniversary of Creation of Korean-style Economic Management System Marked

Pyongyang, December 15 (KCNA) -- A national meeting took place at the Taean Heavy Machine Complex Thursday to mark the 50th anniversary of the creation of the Taean Work System by President Kim Il Sung.

Present there were Choe Yong Rim, Kim Ki Nam, Yang Hyong Sop, Thae Jong Su, party officials and administrative and economic officials, officials and labor innovators in Nampho City and the complex and working people.

Thae Jong Su, alternate member of the Political Bureau and secretary of the C.C, Workers' Party of Korea, made a report at the meeting.

The Taean Work System created by the President in December 1961 was a historic event as it provided an epochal turn in consolidating the economic system in the DPRK and displaying the advantage of socialism in all aspects to triumphantly advance the people's cause of independence, the socialist cause, the reporter said.

The system, a model of the socialist economic management most correctly reflecting the requirements of the law governing the development of socialist economy, serves as a revolutionary banner that should be strictly maintained in all fields of the national economy in the whole period of socialist construction, he said, and went on:

The revolutionary essence of this system is that it is the Korean-style work system which applied the immortal Juche idea and the WPK's mass line based on it in economic management.

It is mainly characterized by man-centered economic management system, the people-centered economic management system that makes it possible for the popular masses to become the true masters of economic management and operate economy in a responsible manner.

The DPRK has turned into a socialist power independent in politics, self-supporting in economy and self-reliant in national defence. This is a brilliant result of the distinguished and tested leadership of Kim Il Sung who created the Juche-based economic management system and thoroughly applied it in all realms of social life.

His idea on the Juche-based economic management and feats have been creditably carried forward and developed under the leadership of Kim Jong Il.

The reporter stressed the need to continue to direct big efforts to running the economy in a rational way suited to the socialist principle and people's interests strictly from the Juche-based stand. -0-

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