Establishing the Korean-style method of Economic Management as required by the Developing Reality

The respected Comrade Kim Jong Un performed undying feats in creating the Korean-style method of economic management as required by the developing reality by defending and carrying forward and developing the great leaders' idea of economic management.

The respected Comrade Kim Jong Un said:

"We should be proactive in organizing and launching the work of establishing on a full scale our own style of economic management embodying the Juche idea, thus giving full play to its advantages and vitality."

The respected Comrade Kim Jong Un scientifically clarified the need to establish the Korean-style economic management method as required by the developing reality.

He said it is a law-governed requirement of the socialist economic development to establish the method of economic management as required by the developing reality and an urgent requirement for hastening the building of a prosperous country by implementing the Party's strategic line.

Since socialist economic construction is carried out under the conditions and circumstances of continuous change and development, the method of guiding and managing the socialist economy cannot be fixed and steadily improved in conformity with the changing conditions and circumstances. If the method of economic management is not improved in conformity with the requirements of the developing situation, it is impossible to promote economic development and hinder the development of the economy and society, on the contrary, improving the method of economic management in keeping with the requirements of the developing situation is a legitimate requirement of socialist economic development.

Establishing the Korean-style method of economic management as required by the developing reality is a key to hastening the building of a prosperous country by implementing the Party's strategic line and solving the problems of the economy and the people's livelihood in a short span of time.

The respected Comrade Kim Jong Un said that the work of establishing the Korean-style method of economic management is, in essence, an undertaking to embody and carry forward the principles and methods of economic management clarified by the great leader Comrade Kim Il Sung and the great leader Comrade Kim Jong Il as required by the present reality.

The principles and methods of economic management clarified by the great leader Comrade Kim Il Sung and the great leader Comrade Kim Jong Il are the principles and methods that make the masses the real masters of economic management and make them fulfil their responsibility and role as masters.

The Korean-style method of economic management created by the respected Comrade Kim Jong Un is to thoroughly carry forward and develop the economic management and methods created by the great leaders in conformity with the changed circumstances and conditions.

The respected Comrade Kim Jong Un clarified in detail the contents of the Korean-style economic management method as required by the developing reality.

First of all, he said that the Korean-style economic management method as required by the developing reality is one of the important contents of the unified guidance of the state and strategic management of the overall economy of the country.

Only when the unified state guidance and strategic management of the overall economy of the country are realized can the Party's economic lines and policies which comprehensively reflect the will and demands of all the people be thoroughly implemented and the country's economy developed in a far-sighted and balanced way and rapidly.

Saying that the role of the Cabinet as the economic command is important in realizing the unified guidance and strategic management of the state, he clarified the important duty of the Cabinet.

On the basis of the Party's lines and policies, the Cabinet should draw up the state's economic development strategy and stage-by-stage plan and organize economic work for its implementation. It should guide enterprises to conduct their business activities in a creative way with scientific management strategy and business strategy. The Cabinet should take unified control of all the human and material resources of the country and make effective use of them.

In this way, it is necessary to ensure that the whole economy of the country has a clear goal and actively moves and develops like a living organism.

In order to ensure the unified guidance and strategic management of the economy properly, it is necessary to strengthen the Cabinet responsibility system and the Cabinet-centered system so as to concentrate all economic sectors and all economic work on the Cabinet and take measures under the supervision of the Cabinet.

He also said that the Korean-style method of economic management suited to the requirements of the developing reality makes it another important matter for factories, enterprises and cooperative organizations to enforce the socialist system of responsible enterprise management.

Kim Jong Un said that the system of responsible management of socialist enterprises is an enterprise management system which enables factories, enterprises and cooperative organizations to perform their duties before the Party and the state by creating their business activities with substantial managerial rights on the basis of socialist ownership of the means of production, and enable the working people to fulfil their responsibility and role as masters in production and management.

The system of managing the responsibility of socialist enterprises enables factories, enterprises and cooperative organizations to conduct their business activities on their own initiative and creatively with the managerial rights granted by the state, so as to coordinate income and expenditure, benefit the state and take charge of improving the material and cultural life of the employees.

The socialist enterprise responsibility management system enables enterprises to exercise the right of management granted to them under the unified guidance of the state so that they can tap all reserves and possibilities to the full and give full play to the creative power of the working people in production and management so that they can carry out their national tasks unconditionally.

He also said that the Korean-style economic management method as required by the developing reality is one of the important contents to ensure the Party's leadership over economic work and give definite priority to political work.

Ensuring the Party's leadership is the lifeblood in economic work, and its leadership is realized through the political guidance of Party organizations at all levels, through the collective guidance of Party committees.

He underscored the need for the Party committee to thoroughly adhere to the principle of collective leadership based on the revolutionary mass line, convert enterprise management into work with people and solve the problems arising by giving definite priority to political work in all work by enlisting the mental power and creativity of the producer masses.

Indeed, the respected Comrade Kim Jong Un established the Korean-style method of economic management as required by the developing reality and thus provided a powerful guarantee for dynamically speeding up the building of an economic power in conformity with the changed circumstances and conditions.