N. Korea likely to discuss economic reform in Tuesday's parliament meeting

North Korea will likely discuss economic reforms when its rubber-stamp parliament holds an irregular session this week, a foreign news report said Monday.

"Economic adjustment" will be discussed in the Sept. 25 meeting of the Supreme People's Assembly, but the session will not likely result in any major decisions, the foreign news wire said.

Speculations have risen that the North will take legal steps to start economic reforms since the country said in early September that it will hold a second parliament session this year.

Holding two parliamentary sessions in one year is unusual for North Korea.

The report also said the communist country is planning to allow farmers to sell part of their agricultural produce in the market in order to boost production and subdue rice prices.

Previous news reports also said the impoverished planned economy is on track to adopt an economic reform in which farmers would be allowed to keep around 30 percent of their output, as part of the economic reform aimed at boosting its dour economic conditions under the new Kim Jong-un leadership. (Yonhap News)