Finance

North Korea's Kim reviews country's progress at key party congress

Published by Global Banking & Finance Review

Posted on February 20, 2026

2 min read

· Last updated: April 3, 2026

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SEOUL, Feb 21 (Reuters) - North Korean leader Kim Jong Un began reviewing the country's progress in the past five years that brought "great transformation" during the second day of a key party

Kim Jong Un Reviews North Korea’s Five-Year Progress at Party Congress

Economic and Policy Highlights from the WPK Ninth Congress

SEOUL, Feb 21 (Reuters) - North Korean leader Kim Jong Un began reviewing the country's progress in the past five years that brought "great transformation" during the second day of a key party congress, state media KCNA said on Saturday.

Congress Timing and Role

North Korea's Ninth Congress of the ruling Workers' Party opened on Thursday and is expected to last a few days. As the country's biggest political event held every five years, it sets policy and can bring changes in leadership roles beneath supreme commander Kim.

Politics, Economy, Culture, Defence, Diplomacy

Successes Highlighted by KCNA

North Korea's ruling party hailed "remarkable successes" in fields such as politics, economy, culture, defence, diplomacy under Kim's rule during the past five years, KCNA said.

Focus on Unspecified Shortcomings

The ruling party's Central Committee focused on finding shortcomings first before focusing on successes, KCNA said, but did not mention what the shortcomings were.

No major foreign dignitaries mentioned

Attendance and External Messages

KCNA said on Friday that 5,000 members of the ruling Workers' Party are attending the meeting. There was no mention of major foreign dignitaries attending, although KCNA noted congratulatory letters were sent from Russia, China, Vietnam and Laos.

Expected Parade and Weapons Goals

North Korea is expected to showcase military capabilities at a parade and weapons development goals as part of the meeting.

(Reporting by Joyce Lee; Editing by Chizu Nomiyama)

Key Takeaways

  • Kim Jong Un reviewed the country’s past five years, calling it a period of major transformation.
  • The Ninth Workers’ Party congress opened on Thursday and continues into the weekend.
  • KCNA says the party first examined shortcomings before highlighting successes.
  • Around 5,000 party delegates are attending; foreign dignitaries were not noted.
  • Policy signals include potential military parade and weapons development goals.

References

Frequently Asked Questions

What is the main topic?
North Korea’s Ninth Workers’ Party congress, where Kim Jong Un is reviewing five years of national progress and outlining policy priorities.
How many delegates are attending?
KCNA reported about 5,000 party delegates are attending the congress in Pyongyang.
Why does this matter for finance and markets?
Policy signals on the economy, defense, and sanctions posture can affect regional risk, trade flows, and investor sentiment toward Asia-Pacific markets.

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