Of fools and their money: Volvo sold North Korea 1,000 cars. On credit. - " /> Of fools and their money: Volvo sold North Korea 1,000 cars. On credit. - " />

Of fools and their money: Volvo sold North Korea 1,000 cars. On credit.

As a tool of economic isolation, North Korea’s business ethics have proven to be far more effective than U.N. sanctions.

See also Yang Bin, Senator Robert Torricelli and David Chang, Chung Mong Hun, Nigel Cowie, Roh Jeong-Ho, Albert Yeung Sau Shing and the Emperor Group, the Xiyang Group, and Lloyd’s of London. There’s actually a whole market in North Korea’s defaulted sovereign debt “involving more than 100 banks from 17 countries” dating back to the 1970s and 1980s.

And still, the lemmings keep coming.

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Matthew says:

September 1, 2014 at 9:13 am

Silly Volvo, they won’t get paid for them. And it will likely cost a fair few jobs when they try and write off the losses.