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. - " />
August 31, 2014

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,...
Categories Engagement
August 29, 2014

Top N. Korean money man defects to “third country”

A senior North Korean banking official who managed money for leader Kim Jong Un has defected in Russia and was seeking asylum in a third country, a South Korean newspaper reported on Friday, citing an unidentified source. Yun Tae Hyong, a senior representative of North Korea’s Korea Daesong Bank, disappeared last week in Nakhodka, in the Russian Far East, with $5 million, the JoongAng Ilbo newspaper reported. [Reuters, Ju-Min Park and James Pearson] Daesong Bank is sanctioned by both the...
Categories Defectors/Kremlinology/Money Laundering/Sanctions
August 29, 2014

Is Yonhap disinforming us about China and crude oil?

If they keep feeding us the same false story after it’s been debunked, perhaps a little paranoia is in order. Again, the report is that China hasn’t export any crude oil to North Korea. The report is based on KOTRA statistics that show no crude oil shipments — which may or may not go unreported as “donations” — but those statistics also show a sharp rise in exports of refined petroleum products like diesel and jet fuel. ~   ~   ~...
Categories China & Korea/Media Criticism
August 29, 2014

A victory for free speech in South Korea

”The nation’s top court on Thursday upheld the acquittal of a 26-year-old man accused of retweeting posts sympathizing with North Korea’s communist regime.” [link] I’ve said it before and I’ll say it again: The National Security Law is overbroad and unconstitutional (see Article 21). Clarification: It’s overbroad and unconstitutional when it’s used to censor political speech, but not when it’s used to prosecute people who act as agents of foreign governments or who conspire to commit violence.
Categories Censorship
August 29, 2014

Australian MP calls for divestment from mining venture in N. Korea

”To maintain its iron-fisted hold over the North Korean population, the Pyongyang regime needs hard currency, and it is clear that these projects could provide billions of dollars to the North Korean leadership.” [Michael Danby, MP] It won’t surprise you that I oppose any investment in an unreformed North Korea that continues to slaughter its own people and menace its neighbors. I believe that those who justify investment as a driver of reform have it completely backwards, that investing in the...
Categories Activism/Human Rights/Sanctions
August 29, 2014

The WaPo has noticed how Korean-Americans’ political power

… in northern Virginia has grown dramatically in recent years, and accuses politicians of “pandering” to them. To that, I’d ask you to name any well-organized constituency that can’t make a politician pander now and then, and I’ll show you a constituency that isn’t organized at all. We have the worst political system there is, except for all of the others, and in our political system, constituencies matter very much. The WaPo dwells on what it doesn’t like about the uses of...
Categories History/Japan & Korea/U.S. Politics
August 28, 2014

North Korean women who turned to prostitution to survive believe that opium

… protects them from STDs, and then end up addicted, according to this article in New Focus. Do you suppose the regime would acknowledge either prostitution or drug abuse enough to allow a public health education program to counteract this dangerous myth? On the other hand, if an NGO were to purchase some ad time on Radio Free North Korea or Open Radio for North Korea, it could deliver that message directly to an audience that desperately needs to hear...
Categories Health & Disease
August 28, 2014

I love watching North Korean refugees emerging as a cultural force …

to inform the world about life, such as it was, in their homeland. The South China Morning Post covers a North Korean human rights film festival in Hong Kong, and The Washington Post’s new Seoul correspondent, Anna Fifield, covers a young North Korean rapper who doesn’t quite share my taste in music, but does share my outlook about food distribution north of the no-smile line.
Categories Books & Films/Korean Society/Refugees
August 27, 2014

North Korean workers at Kaesong show symptoms of exposure to toxic chemicals …

including benzene. If you wonder why people such as myself rail against slave labor and the lack of labor rights at Kaesong, this is why. A real independent union would have stood up for the workers and raised this issue long ago. I can’t say I have much confidence in the desire of either of the governments involved — much less the employers — to tell the truth about the exposure of help the victims; after all, that wouldn’t serve the financial or...
Categories Kaesong/Sunshine
August 27, 2014

To address hunger in North Korea, the World Food Program must first tell the truth.

The Wall Street Journal reports that the World Food Program may soon suspend operations in North Korea due to a lack of funding. The program’s internal reports claim that as of late 2013, it was feeding just 1.45 million North Koreans, compared to 2.4 million intended recipients, mostly pregnant women, nursing mothers, and children. Most of what is distributed now consists of materiel like high-energy biscuits, which (thankfully) are not easily digested by healthy people and thus not easily diverted. But as the U.N....
Categories Famine & Food Aid
August 25, 2014

Starving Bulawayo to feed Pyongyang?

When I traveled in Zimbabwe a quarter-century ago, it was one of the region’s strongest economies and a net exporter of food. In is a miracle of 21st Century government incompetence, President-for-life Robert Mugabe threw Zimbabwe, with some of the world’s best farm land, into a food crisis a decade ago. Zimbabwe must now rely on aid from the World Food Program. So what business does one starving nation have selling off, or renting out, precious farm land to … North...
Categories Africa/Famine & Food Aid