S. Korea claims North Korean economy on recovery

by Lee Jung-woo Posted : April 15, 2026, 17:56Updated : April 15, 2026, 17:56
Unification Minister Chung Dong-young Source - Aju DB
Unification Minister Chung Dong-young. Source - Aju DB
SEOUL, April 15 (AJP) - South Korea’s Unification Ministry said Wednesday that North Korea’s economy is entering a gradual recovery phase in line with closer ties and trade activities with Russia and China.

The ministry cited deepening “alliance-level” ties between Pyongyang and Moscow — including cooperation in advanced weapons and technology — alongside increased exchange with China, as key drivers supporting the country’s economic stabilization.

The assessment was included in a report submitted to the National Assembly’s Foreign Affairs and Unification Committee as part of a new 2026–2030 inter-Korean relations plan that signals a shift in Seoul’s policy and departure from the former and impeached president  President Yoon Suk Yeol.

The new pivot under the Lee Jae Myung administration focused on peaceful coexistence, economic cooperation, and a denuclearized Korean Peninsula, while rejecting absorption-based unification and hostile actions.

The report delivers a pointed critique of Yoon’s North Korea policy,  which offered large-scale economic aid in exchange for denuclearization, as impractical for requiring Pyongyang to act first.

The Unification Ministry said past hardline policy increased security instability, weakened the foundation for inter-Korean cooperation, and entrenched confrontational dynamics.

It added that detailed annual implementation plans will be developed under the new framework.