Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

North Korea’s Kim renews call for rapid housing construction – KCNA

4 NORTHKOREA POLITICS - Global Banking | Finance

By Sangmi Cha

SEOUL (Reuters) – North Korean leader Kim Jong Un has paid his second visit in a week to one of the sites of his ambitious project to build 50,000 new apartments in Pyongyang, and called for a renewed push on housing development, state media reported on Thursday.

Kim’s focus on domestic economic affairs comes just a week after North Korea launched two ballistic missiles into the sea near Japan, underscoring progress in its weapons programme and ramping up pressure on the United States.

The leader broke ground for 10,000 new apartments in the capital city of Pyongyang last week, despite economic crises that have left other signature construction projects stalled.

KCNA reported that Kim stressed the importance of housing construction and called it one of urgent problems to improve the citizens’ standard of living.

“Strict supervision over every construction process must be exercised, building-materials economised in every way with high demand, accidents of all kinds prevented and excellent construction experience introduced…” Kim said, according to KCNA.

The leader had announced an ambitious new plan for the next five years in January, aimed at developing North Korea’s economy.

However, the projects face major challenges, including international sanctions imposed over its nuclear weapons and ballistic missile programmes.

Drastic measures taken by North Korea to contain COVID-19 have exacerbated human rights abuses and economic hardship for its citizens, including reports of starvation, the United Nations had said.

While North Korea has yet to officially report any confirmed coronavirus cases, many experts doubt that the North, which shares borders with China and South Korea, has not detected any infections.

(Reporting by Sangmi Cha; Editing by Sam Holmes)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post