"Self-reliance and an independent economy for the people are the basis of our own type of a socialism and a permanent lifeline that will determine the fate of our revolution," he added.

According to the KCNA report, Kim mentioned "self-reliance" 27 times during the meeting.

Experts see this as intended to brace the country for a protracted tug-of-war in nuclear talks with the US following the breakdown of the summit in Hanoi by focusing on economic development.

Kim mentioned his second summit with US President Donald Trump in late February in Hanoi but steered clear of criticism directly pointed at Washington or his country's nuclear program.

The Hanoi summit fell apart as Kim and Trump failed to find common ground over how to match Pyongyang's denuclearization steps with Washington's sanctions relief.

Pyongyang wanted major sanctions relief in exchange for dismantling its Yongbyon nuclear facility. But Washington insisted on what officials described as "a big deal" that called for trading sanctions relief for the dismantlement of all of the North's nuclear and other weapons programs.

Kim's push for self-reliance and fight against sanctions comes as South Korean President Moon Jae-in and Trump are set to meet Thursday (local time) in Washington to coordinate their approach toward North Korea's nuclear issue.

Moon has hoped to play a role in bridging the gap in the demands from Pyongyang and Washington, and help get the stalled nuclear talks started again.

South Korean officials have recently talked increasingly about "a good enough deal" and a need for an "early harvest," expressing hopes that the US will soften its position on a "big deal" and meet the North halfway.

In the Senate Foreign Relations Committee on Wednesday, US Secretary of State Mike Pompeo said that he would like to leave "a little room" in the sanctions regime against North Korea in the case of "substantial process" in its denuclearization.

This can been seen as a signal for some flexibility in Washington's future negotiations with Pyongyang on its nuclear weapons program.

Meanwhile, the KCNA reported that Premier Pak Pong-ju was voted in Wednesday's meeting to become a vice chairman of the Workers' Party. Pak, 80, has spearheaded the North's economic policy since April 2013 as premier.

This spawned speculation that the control tower post for economic policy could be replaced given that it is rare in the communist state for a premier to serve concurrently as a vice chairman of the ruling party. Some say that his replacement, if confirmed, could be due in part to his advanced age. (Yonhap)