Kim Jong-un 'has spent $4bn on luxury goods' since coming to power, South Korean MP says

North Korea spent at least $630m on luxury goods from China last year, in defiance of UN sanctions

Electronic goods such as high-end TVs made up for more than half of the total transactions, worth $340m
Electronic goods such as high-end TVs made up for more than half of the total transactions, worth $340m

Kim Jong-un has spent more than $4bn (£3bn) on importing luxury goods from China since he took power in North Korea in 2011, a South Korean MP has said.

Last year, the reclusive state imported at least $640m (£493m) in defiance of UN sanctions outlawing such trade over the country’s nuclear and missile testing programmes.

“Kim has bought lavish items from China and other places like a seaplane for not only his own family, and also expensive musical instruments, high-quality TVs, sedans, liquor, watches and fur as gifts for the elites who prop up his regime,” Yoon Sang-hyun, an opposition MP, said in a statement.

Purchases of electronic goods such as high-end TVs made up for more than half of the total transactions, worth $340m (£262m), followed by cars at $204m (£157m) and liqours at $35m (£27m).

The volume of luxury trade last year was down from a peak of $800m (£617m) in 2014, but was only a 3.8 per cent fall from $666m (£514m) in 2016, Mr Yoon said.

The luxury items accounted for 17.8 per cent of North Korea’s entire imports from China last year, which Mr Yoon said totalled $3.7bn (£2.8bn).

He accused China of loosening its enforcement of sanctions and criticised South Korea’s recent request for UN and US exemptions to restart inter-Korean economic cooperation.

Donald Trump says he and Kim Jong-un ‘fell in love’ after sending each other ‘beautiful letters’

The US has urged a strict implementation of sanctions on North Korea as part of a “maximum pressure” campaign which it has credited with bringing the impoverished country to the negotiating table.

However, there have been signs the campaign has been losing strength since North Korea suspended its nuclear and missile tests and its leader said it would take steps towards denuclearisation.

China and Russia have also called for relaxed sanctions.

“With the growing loophole, Kim would be able to near his goal of neutralising sanctions soon without giving up the nuclear weapons,” Mr Yoon said.

Last week, Singapore charged one of its citizens, a North Korean and three companies with supplying prohibited luxury items to North Korea.

The charges involve hundreds of thousands of dollars worth of perfumes, wines and watches, according to court documents seen by Reuters.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

By clicking ‘Create my account’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in