North Korean finance chief executed for botched currency reform

North Korean finance chief executed for botched currency reform

Pak Nam-gi killed by firing squad after currency reform worsened markets, but many see him as a scapegoat

North Korea has executed a senior official blamed for currency reforms that damaged the already ailing economy and potentially affected the succession, a news agency in South Korea reported today.

Pak Nam-gi was killed by firing squad last week, said Yonhap, citing multiple sources. The Workers party chief for planning and the economy had not been seen in public since January.

The 77-year-old was put to death as "a son of a bourgeois conspiring to infiltrate the ranks of revolutionaries to destroy the national economy", the agency said.

http://www.guardian....currency-reform

camerata, on 18 March 2010 - 09:49 PM, said:

Nobody really knows if this all is true...maybe it is not true...

This country is a headache ... there is no progress at all ...

We need these kind of solutions in the West.