2024.11.27.

In the DPRK, the three-year national economic plan (1954-1956) was carried out on the debris after the Fatherland Liberation War. It was the huge-scale and long-term plan, the first of its kind in the history of the country, for effecting the industrialization of the country.

Its main task was to restore the economy destroyed by the war and put the production of all sectors on the level before the war so as to provide a condition for carrying out the industrialization of the country, eliminating the colonial lopsidedness of industry.

President Kim Il Sung set forth detailed tasks and ways for implementing the plan at the plenary meeting of the Central Committee of the Workers’ Party of Korea held late in March, 1954 and sectional meetings of national economy and plenary meetings of the Cabinet.

Our people unanimously supported the main line for the postwar economic construction advanced by the President and turned out as one to hasten the reconstruction by their own efforts at fast speed.

In the period of implementing the plan, more than 360 industrial establishments were restored or newly built and the aftereffects of the war were healed in the main. And the gross industrial output value went up 42 percent on an average every year.

Thanks to the immense enthusiasm of all the people, the three-year national economic plan was completed in two years and eight months.

The successful implementation of this plan laid solider foundation for building a self-supporting national economy and brought about a turn in the people’s material and cultural life.

Our people demonstrated the stamina of heroic Korea once again by carrying out the postwar reconstruction in a short span of time by their own efforts.

Rodong Sinmun