Kim Il Sung briefs Sudarikov on North Korea’s recent economic development, including the number of ongoing construction projects and the expansion of light industry enterprises. Kim also discusses the meeting between Yoon Ki-bok and Lee Hu-rak and how North and South Korea are interested in establishing a coordinating committee.

Kim Il Sung requests technical assistance from the Soviet Unions for currency reforms in DPRK. He and Puzanov then discuss plans for elections in North Korea, DPRK agricultural and fishing conditions, progress in construction, and the exchange of delegations between the two countries. Later, Puzanov meets with the PRC Ambassador to the DPRK, Qiao Xiaoguang. They discuss the potential American bid to legalize weapons deliveries to South Korea as well as USSR and PRC consultation for the DPRK 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.