Pyongyang, December 13 (KCNA) -- The DPRK celebrates the 50th anniversary of enforcement of Korean-style socialist economic management.

The Taean Work System created by President Kim Il Sung in December 1961 is a unique economic management system under socialism which turned the economic management into the work of popular masses by giving priority to political affairs under the guidance of the Workers' Party of Korea.

In line with the requirements of the Taean Work System, the WPK and the government of the DPRK led the party committees to raise their roles and tapped the popular masses' revolutionary enthusiasm and creative ingenuity in a proper way, thus effecting constant changes and innovations in building socialist economy.

They also gave rise to an industrial revolution in the new century advancing towards the world by overcoming the worst trials.

The 50-year-long history in which they have embodied the System proved that to embody the collective guidance of the party committee and the mass line is a fundamental principle for socialist economic management and an immutable truth that brings earlier the emergence of prosperity.

General Secretary Kim Jong Il made energetic activities to thoroughly apply the System, whose validity and vitality have been proven in building socialist economy, to all the sectors of the national economy.

He authored many works, clarifying the orientation and ways for improving the economic management under socialism in keeping with the intrinsic characteristics of the System.

By making tireless long journey of field guidance, he led the party committees to give free rein to the mental power of the popular masses by implementing the mass line under their collective guidance and manage the economic work in a scientific and reasonable manner.

He set forth principled issues such as strengthening the trinity of general manager, party secretary and chief engineer, attaching importance to political work in administrative and economic work and regarding the science and technology as a lifeline.

He called on the party and society to popularize the achievements and experiences gained in the work to embody the System.

He put forward as model units the factories and enterprises the party committees of which provided proper political orientation to economic work guided by the politics of the WPK, improved the supply service for people based on the just outlook on the masses and encouraged them to implement the WPK's economic policy in an organized manner.

Officials and workers of industrial establishments across the country embodied the fundamental principles of the socialist economic management to bring about great innovations and leap forward in production and construction.

The hot wind of CNC, the flame of the campaign to push back the frontiers of the latest science and technology set off in Jagang Province demonstrated the advantages and might of Korean-style economic management system.

The Korean people are confident that Korean-style economic management system is a constant mode of economic management to be relied on in the whole course of socialist construction and that the building of an economic power is sure to triumph only when they thoroughly implement the fundamental principles.