North Korea's leader Kim Jong-un attends the mass rally Credit: Reuters
Kim Jong-un Out-Spending Extravagant Father: UN report -- The Telegraph
North Korean leader raised $645 million for luxuries from ivory trade, underground sale of alcohol
The lavish spending of Kim Jong-un, the North Korean dictator, is even putting the excesses of his late father in the shade, according to the United Nations Commission of Inquiry into Pyongyang's human rights record.
Spending on luxury goods by the North Korean regime climbed to $645.8 million in 2012, the year after Mr Kim assumed control after the death of Kim Jong-il, the commission's report stated. Records show that Kim Jong-il had treated himself to luxuries adding up to an average of $300 million a year.
The imports included dozens of high-end Mercedes-Benz vehicles and musical instruments, including dozens of top-quality pianos. The report did not examine how the items were imported into North Korea, which is ostensibly under strict UN sanctions designed to halt the transfer of "luxury goods" to the regime.
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My Comment: All of these luxury goods go through shell companies in China .... and the Chinese government turns a blind eye to it all. Cut this flow .... and Kim Jung-un's lifestyle may change very quickly .... and not (for him) the best. Unfortunately .... I doubt that China implement such sanctions.
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It Is Good To Be The King Of North Korea Updated at :
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Wednesday, February 19, 2014
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