Report that lists recommendations for improvements in industry, agriculture, construction, transportation, and trade in North Korea. It advises against pursuing a closed economic system and points out that the DPRK should learn to utilize its rich natural resources and skilled labor force.

Nam Il informs the ambassadors of the results of the October KWP CC Plenum and expresses confident in sharp turn to be made in construction.

Kim Il Sung tells Puzanov that the North Korean delegation to Moscow seeks consultation for the first DPRK five-year plan and the development of economic ties between the DPRK and the USSR. He states the expected North Korean production increases in agriculture, industry, consumer goods, capital investment, and export goods. Kim Il Sung also articulates the intended goals of the first five-year plan.

During their discussions on the development of North Korea, the Soviet delegation and DPRK delegation exchange opinions on capital investment and consumer goods production. Puzanov then draws on his trip to Hamgyong and summarizes his conclusions on the DPRK's repairs to enterprises damaged by war, increased industrial and agricultural production, and shortcoming in meeting the needs of the population and economic efficiency.