Seasons in the Kingdom

Seasons in the Kingdom

Tuesday, August 14, 2012

Money War?


North Korean leader Kim Jong-un speaks to officers during an inspection of Korean People’s Army unit 552 in this undated photo released by the Korean Central News Agency, Aug. 7. Analysts say Kim is working to control the military’s grip on foreign currency. / Yonhap

North Korean leader, military waging ‘money war’

By Kim Young-jin

North Korean leader Kim Jong-un has set some lofty goals since taking power in December, calling for better living conditions for the hungry populace and issuing orders that may provide autonomy over agriculture and business.

To deliver on these promises, analysts said Monday that Kim has some dirty work ahead of him: seizing control of the country’s shady foreign currency trade dominated by the powerful military and bolstering the influence of party bureaucrats.

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