calendar>>May 21. 2021 Juche 110
Rodong Sinmun Calls for Developing Local Economy
Pyongyang, May 21 (KCNA) -- Rodong Sinmun on Friday in an article says that it is the firm will of the Workers' Party of Korea to develop the local economy to turn all regions of the country into developed ones with their own peculiarities and thus provide the people with rich and highly civilized life.

If the local economy is developed, it is possible to provide the people with different consumer goods as many as they want, the article says, and goes on:

To rapidly increase the varieties and volume of consumer goods, all provinces of the country should tap their production potentialities to the maximum.

One of the key goals of our Party that established local industry is to fully supply various kinds of consumer goods by making good use of raw materials and resources in every province.

When local economy is developed, people can be provided with commodities that meet their tastes and aesthetic views and convenience.

The local economy is based on abundant local natural resources, farm products and sideline products. Producers are not far away from consumers. So, the costs of raw and other materials are low and the transportation costs needed for buying raw materials and producing and selling goods are relatively cheap.

This is an economic foundation for lowering the price of people's consumer goods by reducing the cost of social labor in production.

The development of local economy will provide the people with much better material well-being.

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