11:37 GMT13 April 2021
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    North Korean leader Kim Jong-un has said his country needs to deliver a "serious blow" to those imposing sanctions through a self-reliant economy, Reuters reported, citing Korean Central News Agency (KCNA).

    "We must deal a serious blow to the hostile forces who are mistakenly determined to bring us down with sanctions by advancing the socialist construction to a high level of self-reliance that fits our circumstances and state, based on our own power, technology and resources", Kim was quoted by KCNA as saying, according to Reuters.

    READ MORE: S Korea's President Ratings Fall After Failed US-North Korean Summit — Poll

    North Korea is reportedly expected to convene a session of its legislature, the Supreme People's Assembly, on Thursday, while US President Donald Trump is expected to hold a summit with South Korean President Moon Jae-in later on the same day.

    The situation on the Korean Peninsula improved last year with Kim Jong-un and Moon Jae-in having held several meetings.

    Kim has also held two meetings with Trump, with the parties having reached an agreement in June, stipulating that North Korea would make efforts to promote complete denuclearization of the peninsula in exchange for US-South Korean military drills' freeze and a potential removal of US sanctions. However, the second Trump-Kim summit held in February ended with no new agreements.

    Immediately after the summit, North Korean Foreign Minister Ri Yong Ho said that Pyongyang would have dismantled all of its nuclear material if the United States had only removed restrictions partially.

    READ MORE: North Korea Refuses to Hold WHO Regional Session Due to Sanctions — Reports

    Meanwhile, the South Korean Chosun Ilbo newspaper reported last week that Pyongyang is advancing the construction of the country's second and largest ever submarine, which will be capable of carrying up to four ballistic missiles, on North Korea's eastern coast. According to the outlet, the new submarine will be capable of carrying up from three to four ballistic missiles with an over 2,000 kilometer-range (1,242 miles), while North Korea's only existing submarine, which has a displacement of 2,000 tonnes, can deploy only one ballistic missile.

    The outlet also noted that satellite images obtained via Google Earth on March 2 showed objects that looked like bulkheads of the presumably constructed submarine. The newspaper stressed that no such objects could be seen in the area last August.

    READ MORE: US State Department Does Not Rule Out New Sanctions on North Korea



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