In June 2024, a North Korea-Russia summit marked Putin's first Pyongyang visit in 24 years. The June issue examines its implications for bilateral relations and North Korea's economy. The nations signed a "comprehensive strategic partnership" treaty, elevating their relationship to a de facto alliance. North Korea aims to address energy and food issues, modernize its military industry, and boost economic self-reliance, while Russia seeks to integrate North Korea into its defense industry supply chain. The countries agreed to strengthen collaboration in transportation, logistics, energy, and military sectors. Short-term plans include increased refined oil supplies, with long-term prospects covering labor dispatch, infrastructure development, and energy and fisheries cooperation. Additionally, they aim to reshape Northeast Asia's global supply chains by improving transportation infrastructure and resuming air routes. However, Russia's financial constraints may limit large-scale aid, and North Korea still struggles to attract foreign capital. China's lukewarm response to this rapprochement suggests potential shifts in North Korea-China-Russia relations. This alignment is interpreted as a strategy to neutralize international sanctions and solidify North Korea's economic foundation for regime maintenance. It is expected to significantly impact the Korean Peninsula and Northeast Asian geopolitics.