Wealthy N.Koreans Hoard S.Korean Goods

Chosun Ilbo ^ | March 11, 2010

[myknowledge]

Well-to-do North Koreans have been hoarding South Korean goods since a disastrous currency reform, Open Radio for North Korea said Wednesday.

"Wealthy people in Pyongyang prefer goods to cash as they have lost confidence in the North Korean currency since the reform," it said. "Demand for South Korean goods, which are considered best quality, has more than doubled."

The broadcaster quoted a Korean-Chinese trader dealing with the North as saying, "Growing numbers of people want to smuggle South Korean products and sell them in the North despite a crackdown by North Korean customs." It said the widespread perception among North Koreans is that South Korean goods are of much better quality than Japanese or Chinese products.

[myknowledge]

I bet those wealth North Koreans have connections with the Kim dictator dynasty.

Meanwhile, the poor North Koreans are left in a life of misery.

[jakerobins]

I’m going to do the same thing in a few years.....I’m gong to stock pile light bulbs and become a Millionaire...LOL

[Gay State Conservative]

“Wealthy North Korean” means “Friend of Kim Mentally Ill”.

[tbw2]

Most North Koreans don’t care about “goods” except food, fuel and maybe medicine.

[jrcats]

I’m going to stock pile toilet paper, batteries, food & dog food. Can’t forget my 2 dogs.