N. Korea uses 600 bln won for luxury goods each year: spy agency

By Yonhap

Published : Oct. 31, 2018 - 19:53

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The North Korean regime spends about 600 billion won ($520 million) a year on purchases of luxury goods, the head of South Korea's state spy agency told lawmakers Wednesday.

Suh Hoon, director of the National Intelligence Service, said the items include automobiles, fur and liquor, according to Rep. Lee Eun-jae of the main opposition Liberty Korea Party.

Suh Hoon, director of South Korea`s National Intelligence Agency, in a file photo (Yonhap)

Suh was speaking at a closed-door annual parliamentary audit of his agency's affairs.

He was asked if a report is correct that the communist nation is using 5 trillion won of its total annual budget of some 7 trillion won for such luxury products.

Suh responded, "Not all. Around 600 billion won is used for what we call luxury goods." (Yonhap)

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N. Korea uses 600 bln won for luxury goods each year: spy agency

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