North Korean Adscam

N Korea turns on saviour
Peter Alford, Tokyo correspondent October 26, 2005
NORTH Korea has bottom-of-the-ladder status as an investment destination except with South Korea and China, so publicly threatening to tear up the contracts of its biggest South Korean investor is an odd tactic.

Eh, "odd tactics" are a "Democratic" "People's" Republic" of Korean staple...

Especially when the investor, Hyundai, has punted more than $US1 billion ($1.3 billion) over the past seven years, without any immediate prospect of turning a won's profit, and holds the keys to the only project that might arrest the North's accelerating industrial decay.

60 years is a long time to work up a decent head of accelerated steam, being evil...

Pyongyang objected to Hyundai sacking its linkman to North Korea, Kim Yong-kyu, as chief executive of Hyundai Asan, the group's northern investment vehicle. It's alleged he misappropriated corporate and government funds, though Kim denies it.

Denying happens to be Kim's hobby.