"Kim Jong Un's leadership provides a sure guarantee for creditably carrying to completion the revolutionary cause ... through generations," party said .
But little is known about the deceased leader's youngest son. Even his age is uncertain to most of the outside world: he is believed christian louboutin shoes to be in his late 20s or early 30s.
The first formal mention of his name in official state communications came just over a year ago, in October 2010, when he was promoted to the rank of four-star general just before a rare meeting of the country's ruling party.
Kim Jong Un is said to have a fondness for James Bond and the basketball star Michael Jordan.
He is believed to have been schooled in Switzerland and is thought to be capable of speaking some English and German, and possibly some French.
Joao Micaelo, who went to school in Switzerland, believes that Kim Jong Un was one of his classmates between 1998 and 2001.
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"He was a normal guy like me," Micaelo said, interested in sports, movies and computers. "He was competitive at sports. He didn't like to lose, like any of us. For him, basketball was everything."
"He played basketball, he had basketball games on his Playstation. The whole world for him was just basketball all the time," he said last year.
Micaelo shared a desk with the North Korean, who went by the name Pak Un, but one day told his friend, "I am the son of the leader of North Korea."
Micaelo said he doesn't know what to expect from Kim as a leader.
"I can just say what I know: Un, when he was 16, he was a good guy," Micaelo said. "So, I don't think he would do something bad. But I don't know what he's been like in the last nine years. I just knew him when he was 16 years old. He's been in a special school for this for nine years. Maybe he's another person."
At one point, Kim Jong Il's eldest son, Kim Jung Nam, was considered the top candidate to succeed his father before he fell out of favor after he got caught trying to sneak a trip to Tokyo Disneyland using a forged passport.
In an interview with Japan's TV Asahi last year, he said he opposed the "hereditary succession for three generations."
He, however, added, "I would like my younger brother to do his best for the people of North Korea and their true wealth."
But Kim Jong Un is simply "not ready" to rule, said Victor Cha, a former White House National Security Council member and an expert on North Korea.
His father began grooming him for the job only three years ago after suffering a stroke. In contrast, Kim Jong Il himself was groomed over a period of 14 years before taking the reins from his father, Kim Il Sung, in 1994.
Though Kim Jong Un can boast an array of titles, it's unclear whether he actually has any decision-making authority.
"I think it's premature to conclude that Kim Jong Un will make all the shots," said Han Park, director of the Center for the Study of Global Issues at the University of Georgia.
"Kim Jong Un is not going to be expected, nor is he qualified, to make tough decisions. But the party system is there, and the decision-making mechanism that has been established by Kim Jong Il will continue. And therefore the succession process -- even in intermediate terms -- should be smooth," Park said.
It is likely that Kim Jong Un's uncle, Jang Song Thaek, will rule behind the scenes as Kim Jong Un trains on the job, the global intelligence firm Stratfor said.
Kim Jong Il delayed choosing a successor from among his sons to avoid allowing anyone to build up their own support base independent of their father, Stratfor said in its analysis.
In recent months, Kim Jong Un was tied to the disastrous effort to revalue the North Korean currency, RAND's Bruce Bennett, an Asia analyst who has worked with the U.S. Department of Defense, as well as South Korean and Japanese militaries.
That effort led to protests -- unusual for the closed country -- and food shortages as people took to bartering in absence of available currency.
So now, the world waits to see where the young man may steer his country -- and how North Korea will interact on the global stage in years to come.