North Korea’s Growth Industry: Train Wrecks
Question: What self-respecting tyrannical mass-murderer would admit that he rules a country that’s completely broken? Answer: one that really, really needs the insurance money, even if it’s from a spate of horrific and previously undisclosed disasters:
One of the incidents was the sinking of a passenger ship traveling between Wonsan and Heungnam, both east-coast ports. Half of the ship’s 200 passengers lost their lives, Minjok reportedly told its reinsurers. Industry officials here estimated that the insurance payment would be in the millions of dollars. Another incident was a train accident in South Hamkyong province in April, which resulted in the deaths of 270 soldiers and 400 civilians. Rumors had circulated in Seoul about the latter accident, but those rumors were dismissed at the time by South Korean government officials.
Another train crash occurred near Nampo, a west-coast port, in April. Dozens were reportedly killed in that crash. Little is known about a helicopter crash near Pyongyang in May, these sources said.
“North Korea has been in a bad plight since September 2005, after its assets in Banco Delta Asia in Macau were frozen and the United States announced financial sanctions,” a Seoul official said. “It is my understanding that the North is also trying to press claims linked to flood damage this summer.”
One observer said the North’s rare disclosure of disasters indicates how serious Pyongyang’s cash crunch is. “It means that Pyongyang is more interested in gaining tangible benefits despite the risk of airing its dirty linen in public,” said Yang Moo-jin, a North Korea-watcher at the University of North Korean Studies in Seoul.
The insurance investigators were even allowed into off-limits areas to substantiate those claims, which makes you wonder what access Kim Jong Il would grant weapons inspectors, food aid monitors, or the International Committee for the Red Cross if he were sufficiently motivated. It’s tempting to let this scheme go forward for a while for the sheer intelligence value of it. One small problem: I see zero basis for exempting re-insurance payments from U.N. Security Council Resolution 1695.
Given how much food aid the North Korean regime has diverted from its starving people, would it be so terrible to suggest that these payments to the regime be diverted to the World Food Program?