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North Korea's Kim warns of 'grave' economic challenge

Kim Jong Un said the time had come to bring about a "decisive turn" in North Korea's economic development. [KCNA VIA KNS/AFP / STR]

North Korean leader Kim Jong Un has warned top ruling party officials of the "grave situation" facing the nuclear-armed state's economy and called for urgent corrective measures.

His comments, reported Monday by state media, came on the second day of a key party meeting held ahead of a year-end deadline for Washington to shift its stance on stalled nuclear talks with Pyongyang.

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