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Iron Ajumma Update: Kim Jong Il, flushed with his successes in agriculture, industry, economics, film-making, corrections, printing, pharmaceuticals, basketball, and golf, takes on corporate personnel management.

SEOUL, Oct. 20 (Yonhap) — North Korea warned Thursday that it may have to cancel its exclusive business deals with the Hyundai Group unless the South Korean conglomerate restores the honor of an executive who was ousted this month on allegations of corruption.” (The expulsion) threw cold water on Hyundai’s relations with us, and it was a cruel act that lacked basic sensibility,” the North’s Asia-Pacific Peace Committee was quoted as saying by the country’s state-run Korean Central News Agency. The committee represents North Korea in its deals with Hyundai Asan Corp., a subsidiary of the conglomerate in charge of North Korean business.

Hyundai Asan dismissed Kim Yoon-kyu as its vice chairman earlier this month after ousting him as the company’s chief executive officer in August for alleged corruption. The company accused him of embezzling 1.12 billion won (US$1.08 million) in company and state funds.

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