Torbenkov reports on the construction of a cement plant, an irrigation system, and an agricultural collective in North Korea. Nam Il outlines plans to improve sanitation and prevent illnesses from spreading.

Kim Il Sung and Puzanov discuss various issues between the USSR and DRK, including the process of building the Hungnam chemical fertilizer plant with Soviet aid.

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.

The DPRK constructs a blast furnace without assistance from other countries.