Tags: North Korea | nkorea | embassies | make | illegal | profits | for decades

NYT: NKorea's Embassies Are Illegal Profit-Making Ventures

Image: NYT: NKorea's Embassies Are Illegal Profit-Making Ventures
The City Hostel Berlin stands in the background next to a sign marking the entrance to the North Korean embassy on May 10, 2017 in Berlin, Germany.  (Sean Gallup/Getty Images)

By    |   Saturday, 07 October 2017 09:12 PM

North Korea’s government has been economically isolated but its embassies have been illegally raising money through profit-making ventures for decades to support themselves and send surpluses back home, The New York Times reported Saturday.

The story comes as tensions between the U.S. and North Korea continue to rise as Pyongyang builds up its missile and defense program. The United Nations has hit North Korea with tough sanctions while President Donald Trump signed an executive order targeting North Korea’s trading partners.

In Sofia, Bulgaria, the North Korean embassy rents out its building for parties and events. At other locations, deals have been brokered for weapons and drugs, as well as cows and machine tools. Liquor, cigarettes, luxury cars and other items that can be imported duty-free and sold again for a profit have also been smuggled by diplomats.

“My late father-in-law was an ambassador,” said Marcus Noland, an executive vice president of the Peterson Institute for International Economics, “and he told me that in India, years ago, it was known within the diplomatic corps that if you wanted to buy beef, you could knock on the back door of the North Korean Embassy in Delhi. They ran an abattoir in the basement.”

North Korea doesn’t fund the embassies, and the delegations are still expected to make money and send surpluses back home.

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North Korea's government has been economically isolated but its embassies have been illegally raising money through profit-making ventures for decades to support themselves and send surpluses back home, The New York Times reported Saturday.
nkorea, embassies, make, illegal, profits, for decades
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2017-12-07
Saturday, 07 October 2017 09:12 PM
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