Arrested Fugitive Says He Paid North Korea $3 Million to Facilitate Lee Jae-myung’s Visit to North Korea

It has always been pay to play in North Korea, so Lee had to have offered something to visit and it appears the offer was $3 million according to this guy:

Kim Seong-tae, former chairman of underwear maker Ssangbangwool Group, arrives at Incheon International Airport, west of Seoul, from Thailand, in this Jan. 17, 2023, file photo. (Pool photo) (Yonhap)

An arrested underwear tycoon allegedly said he delivered US$8 million to North Korea in 2019 to help promote Gyeonggi Province’s smart farm project and then Gov. Lee Jae-myung’s visit to the North, informed officials said Tuesday.

Kim Seong-tae, former chairman of underwear maker Ssangbangwool Group, who was nabbed in Thailand in early January after months on the run, reportedly made the controversial remarks during questioning by prosecutors in Suwon, 34 kilometers south of Seoul.

The Suwon District Court issued an arrest warrant for Kim on Jan. 20 on multiple charges, including embezzlement, bribery and the illegal transfer of cash to North Korea.

Previously, Kim told prosecutors that he only handed a total of over $5 million to North Korea on two occasions in 2019 to pursue economic cooperation rights involving the North.

As the prosecution presented other related documents, however, the underwear tycoon reportedly disclosed an additional remittance of $3 million to Pyongyang and the reasons for the cash payment, the officials said.

Kim allegedly said that $5 million was delivered in connection with Gyeonggi Province’s smart farm project in North Korea and the additional $3 million was intended to facilitate Lee’s visit to the North.

Yonhap

You can read more at the link, but if Lee Jae-myung had won the presidency does anyone think any of this would have come out?

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Kevin Kim
1 year ago

I wonder if he’s wearing one of his products on his face. Marketing!

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