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China-Japan-Koreas
Norks Spend $1 Billion on Luxury Goods
2011-09-20
That's a lot of cognac, baby...
The North Korean regime has spent US$1.04 billion since 2008 importing luxury goods in contravention of UN Security Council resolutions.

According to data Grand National Party lawmaker Yoon Sang-hyun obtained from the Foreign Ministry and other government agencies, the regime imported luxury goods worth $272.14 million in 2008, $322.53 million in 2009, and $446.17 million in 2010.

TVs, digital cameras, and video recorders made up the largest proportion, jumping from $115.47 million in 2008 to $215.95 million in 2010. Luxury cars and parts came second and movie equipment such as film cameras and projectors third.

UN Security Council resolutions 1718 and 1874 ban exports of luxury goods and weapons of mass destruction to the North.
Worked well, didn't it...
The amount the regime spent buying luxury goods was about 10 times the total humanitarian aid of $107.29 million it received from South Korea and the international community over the same period.
Posted by:Steve White

#3  Dealing heroin, cocaine, and untaxed cigs out of their embassies around the world. That is where the NorKors get a lot of their hard currency from.
Posted by: Shieldwolf   2011-09-20 18:51  

#2  Where did they get the money?

Being as how they've printed about as many dollars as Bernanke, I'd double check any cash they offered.
Posted by: Ebbang Uluque6305   2011-09-20 11:49  

#1  Worked well, didn't it...

Sure did for the UN bureaucrats who got their cut of the $1 billion.
Posted by: CincinnatusChili   2011-09-20 08:16  

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