See? The South Koreans know how to deal with the North. Just send money. But make sure you don’t stop.
A former intelligence officer has revealed that the South Korean leader funneled some 2 trillion won ($1.7 billion) to his North Korean counterpart, Kim Jong Il, in return for holding the [historic 2000 inter-Korea] summit, and lobbied foreign countries to get the 2000 Nobel Peace Prize.
With the cash, North Korea purchased key components for nuclear weapons, 40 Soviet-made MiG jets and a submarine from Kazakhstan, said the former agent known only by his family name, Kim.
The flap came just after government auditors confirmed that the country’s giant business conglomerate Hyundai secretly transferred some $200 million, obtained from a South Korean state-run bank, to North Korea just ahead of the summit in June 2000.
[…] Pyongyang has threatened to scrap inter-Korean reconciliation projects if the South took action over an alleged cash payoff.
(via Misanthropyst)