Kim Il Sung and Puzanov discuss the use of corn for livestock feed, the need to mechanize DPRK agriculture, the city of Nampo and its industrial capabilities, and the startup of zinc production through Soviet aid in the non-ferrous metals industry.

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.

Kim Il Sung and the Soviet Union trade delegation discuss the DPRK's economic conditions and terms for trade between the Soviet Union and North Korea. Afterwards, Nam Il gives Puzanov an overview of discrepancies in the North Korean and Polish delegations' draft communiques.

During his conversation with Puzanov, Kim Il Sung discusses the five-year plan to develop the DPRK's economy, the KWP's efforts to improve the standard of living for the North Korean people, factionalism and the eventual consolidation of KWP members under the official party line, Stalin's cult of personality, and problems in the North Korean judiciary.