China Pays North Korea $30 Million for Fishing Rights

Kim Jong-un is not only using the Chinese fishing boats as part of a asymmetric warfare strategy, but he is also making money at the expense of food for his own people:

 North Korea‘s latest policies might be behind the increased presence of Chinese boats in or near South Korean waters.

The cash-strapped Pyongyang regime, under heavy international sanctions in 2016, sold $30 million worth of fishing rights to more than a 1,000 Chinese vessels, The Korea Herald reported Friday.

The number of licenses issued has tripled from previous years, said Lee Wan-young, a South Korean lawmaker of the ruling Saenuri party, after a meeting with the National Intelligence Service.

“North Korean people, too, are unhappy because it has shrunk the catch and caused common complaints with their southern counterparts regarding worsening environmental damage such as from fuel oil sludge at sea,” Lee said.  [UPI]

You can read more at the link, but so much for China supposedly aggressively applying financial sanctions on North Korea.

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setnaffa
setnaffa
8 years ago

Kim Jong Eun just min-maxing the money to make sure there’s enough to last through his apparently soon-to-end life. If that report of a 40kg weight gain is to be believed, he may have some sort of intestinal sarcoma.

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