The Standing Committee of North Korea’s Supreme People's Assembly has revised various laws related to the economy.

The North’s state-run Korean Central News Agency said Thursday that laws on real estate management, consumer prices and facility imports were among those that underwent revisions.

The report said the North’s revised law on real estate management centers on the regulation of registration, due diligence and property use.

The revised laws on consumer prices and facility imports, meanwhile, apparently reflect the North Korean authorities’ will to strengthen the planned economy system and to crack down on illegal trading activities.

The revisions come after the North conducted its first currency revaluation in 17 years late last month.

Observers say that by revamping economy-related regulations, North Korean authorities are aiming to eliminate market economy influence and are seeking to re-shift the focus to a planned economy.