President Lee Leases Tokdo to Japan for 100 Years to Build Porn Studio

Oh, wait — that’s not it. It was North Korea that actually leased two islands to China to build (what else?) casinos. Yes, casinos. File that one under “stuff Chinese people like.” It might also go under “stuff that North Korean money launderers like.”

The difference being, the islands of Hwan Geum Pyong and Ui Hwa Do actually consist of arable farmland. Not that North has any shortage of that, of course.

I eagerly await the Hankyoreh’s reaction and the impact on North Korea’s impeccable nationalist credentials.

Correction: The Global Times, a not-all-that-well-loved ChiCom broadsheet, citing the Hankook Ilbo, says the islands will be the site of a “free trade zone.” Hat tip, .