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UK investor presses U.S. to ease N.Korea sanctions
Yahoo! /Reuters ^ | Tue Sep 5, 2006 | staff

Posted on 09/05/2006 1:20:58 PM PDT by lentulusgracchus

LONDON, Sept 5 (Reuters) - The chairman of British investment advisory firm Koryo Asia, which has bought North Korea's Daedong Credit Bank, said on Tuesday it was pressing the U.S. to ease sanctions against the isolated communist country.

Colin McAskill confirmed to Reuters a newspaper report that Koryo Asia had taken over Daedong Credit Bank. Koryo is also an adviser to the Chosun Fund, which invests in North Korean assets.

"We will take on the U.S. over the sanctions stand-off. They've had it too much their own way without anyone questioning what they are putting out," McAskill said in a report in the Financial Times on Tuesday.

Asked later by Reuters about the reported remarks, McAskill said, "That is true," but declined to comment further.

(Excerpt) Read more at yahoo.reuters.com ...


TOPICS: Business/Economy; Extended News; Foreign Affairs; Government; News/Current Events; United Kingdom
KEYWORDS: banking; international; investment; korea; sanctions; unitedstates
Russia and China have resisted Japanese and U.S. pressure at the U.N. to impose economic sanctions on North Korea for its menacing behavior and drive to obtain nuclear weapons. Et tu, Brute?
1 posted on 09/05/2006 1:21:03 PM PDT by lentulusgracchus
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To: lentulusgracchus

Simple answer to this one: No.


2 posted on 09/05/2006 1:24:49 PM PDT by Brilliant
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To: Brilliant

Go roll around naked in your dirty money and STFU!


3 posted on 09/05/2006 1:28:59 PM PDT by samadams2000 (Somebody important make....THE CALL!)
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To: lentulusgracchus

I would think this is farce if I didn't know any better. While NK continues to print supernotes, this jacka$$ asks for us to drop sanctions and lift banking restrictions? Is he on crack? Sounds like another money whore to me.


4 posted on 09/05/2006 1:30:48 PM PDT by steel_resolve (Do you know what a bigot is? Someone winning an argument with a liberal.)
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To: lentulusgracchus
UK investor presses U.S. to ease N.Korea sanctions

He doesn't want Kim Jong-Il to be so ronery.

5 posted on 09/05/2006 1:31:35 PM PDT by BeHoldAPaleHorse ( ~()):~)>)
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To: BeHoldAPaleHorse

They bought a North Korean bank ? Pray tell, what did they buy ?


6 posted on 09/05/2006 3:04:11 PM PDT by Eric in the Ozarks (BTUs are my Beat.)
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To: Eric in the Ozarks

Net assets: 47 cents and a "Henry Wallace for President" button.


7 posted on 09/05/2006 3:05:00 PM PDT by BeHoldAPaleHorse ( ~()):~)>)
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To: samadams2000

McAskill, the posterboy for Eurotrash, has been fiddling around with North Korea for nearly thirty years. He is considered the George Galloway of Asia.


8 posted on 09/05/2006 3:06:06 PM PDT by gaspar
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To: gaspar
McAskill, the posterboy for Eurotrash, .....is considered the George Galloway of Asia.

Wasn't Galloway this just incredible British shill for Soviet disinformation and propaganda? Like C.P. Snow and some of the older ones from the 50's, like Izzy Stone. (And it is said, Kiwi Peter Arnett, who did Soviet agitprop from a MSM TV-news platform for years.)

9 posted on 09/06/2006 2:56:22 AM PDT by lentulusgracchus ("Whatever." -- sinkspur)
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