Latest General Federation of Trade Unions of Korea News & Updates

North Korea’s Economy Shows Signs of Recovery with Closer Ties to Russia and China

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Seoul, April 15 (IANS) North Korea’s economy has entered a recovery phase thanks to closer relations with Russia and China, overcoming a period of recession, the unification ministry in Seoul said on Wednesday. The unification ministry made the assessment in its five-year plan for inter-Korean relations, covering 2026 to 2030, submitted to the National Assembly’s Foreign Affairs and Unification Committee, reports Yonhap news agency.The unification ministry said that North Korea has “formed and i…