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Oliver Hotham
Oliver Hotham was an NK News contributor based in Seoul, South Korea. Follow him on Twitter.
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Analysis Inside the Kim family business: Office 39Experts believe North Korea’s infamous “slush fund” could be moving away from illicit dealings
It’s been accused of many things: international drug dealing, insurance fraud, counterfeiting U.S. dollars. The list of alleged international illicit activity by North Korea’s Office 39 is long and complex. But one thing is for sure: It is involved in the acquisition of hard currency for Kim Jong Un and the DPRK’s ruling elite, and has employed a variety of schemes to raise these funds. Office 39’s purpose, at least in principle, is the funding of North Korea’s “royal economy”: the money funding the luxurious lifestyles of Kim Jong Un and his inner circle. Or, as one source put it: © Korea Risk Group. All rights reserved. |