A source from the South Korean government said on June 20th, "N. Korea's plan to construct 100,000 new homes in Pyongyang has been drastically downsized to just 20,000~25,000 residences." Therefore, as NKSIS reported on March 22nd (May 12th in English Edition,) the project, which is related to efforts to promote Kim Jong-un's achievements and successor credentials, will end in failure.
The plan was first set out in 2009, as a large-scale national project to construct 100,000 new houses. However, according to the government's source, the North is far behind schedule. So far, only 500 new houses have been built, including 200 artists' apartment in the Joong District and 300 more in the Haebang mountain area of Pyongyang. In the end, the North Korean government reduced the plan to 20,000~25,000 new houses, which is just a quarter of the original target. Seh-hoon Won, the chief of the South Korean National Intelligence Service (NIS,) said during an unofficial meeting at the National Assembly on June 22nd, "Kim Jong-un's leadership has been undermined as various policies such as the Currency Reform and the plan to build 100,000 new homes have ended in failure."
Previously on March 22nd (May 12th in English Edition,) NKSIS had reported that a high-ranking official in the North said "The “Project for 100 Thousand New Homes' has been changed," and that now only 55 thousand houses would be newly constructed (see footnote.) "Only 10 thousand new houses out of the previously planned 20 thousand houses will be constructed in the central districts of downtown Pyongyang, including the Joong District. In the Mankyoungdae District, only 30 thousand new houses will be constructed out of a previously planned 65 thousand. In other areas, only 10 thousand will be newly built instead of 20 thousand," the source said. At this time, the project had been halved in scope.
With regards to the North’s ongoing problems with relation to the construction project, it was judged that "North Korea’s revision of the plan to reduce total new construction and instead renovate existing houses, is a result of a funding crisis." NKSIS also reported that the plan was directly related to the promotion of Kim Jong-un and attempts to establish his regime, and therefore the failure will be a setback for the succession process.
The South Korean government's report confirmed that the plan to build 100,000 new homes in Pyongyang has now been cut down even further than the 14th February revision, as reported by our source. It has now been reduced to just a quarter of the original project goal, destabilizing the establishment of third hereditary successor Kim Jong-un.
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