Categories: World

South Korea examines Kim Jong Un’s lifestyle, spending habits

close Video

Fox News Flash top headlines for October 18

Fox News Flash top headlines are here. Check out what’s clicking on Foxnews.com.

The South Korean Unification Ministry is tracking the import of luxury goods into North Korea, finding an increase in conspicuous wealth among the country’s elite.

The ruling Kim Dynasty and other high-ranking individuals in North Korea have increased consumption of designer imports and luxury items.

“North Korea appears to be introducing luxury goods worth hundreds of millions of Korean won to billions yearly for the Kim Jong Un family,” an anonymous ministry official told reporters, according to Yonhap News Agency.

He told media outlets the “volume of imported goods shrank during the COVID-19 pandemic due to border controls but has been recovering since the latter half of last year.”

PYONGYANG MEDIA DISMISSES SPECULATION OF HAMAS USING NORTH KOREAN WEAPONS

North Korea leader Kim Jong Un greets attendants in Pyongyang, North Korea, before boarding on a train to Russia. (Korean Central News Agency/Korea News Service via AP)

Supreme leader Kim Jong Un and his family — sometimes called the Mount Paektu bloodline — have been documented in the past wearing high-ticket goods such as Swiss watches.

North Korea began as a communist country under the protection and mentorship of the Soviet Union following the end of World War II. 

NORTH KOREA BACKS HAMAS AGAINST ISRAELI ‘CRIMINAL ACTIONS’

Citizens bow before the statues of the late North Korean leaders Kim Il Sung and Kim Jong Il as the country marks the 25th death anniversary of Kim Il Sung, at Mansu Hill in Pyongyang, North Korea. (KIM WON JIN/AFP via Getty Images)

Since its establishment, North Korean communist ideology has mutated into a philosophy known as “juche” that places all functional power in the hands of the “supreme leader.”

The Mount Paektu bloodline and its satellite families have amassed immense wealth through this system, maintaining luxurious lifestyles even amid periods of nationwide destitution and famine.

“Kim gives luxury cars as gifts to officials who he particularly favors or those who have made special accomplishments in the military field,” the official said, according to Yonhap News Agency.

North Korean leader Kim Jong Un, center, visits the navy headquarters in North Korea. (Korean Central News Agency/Korea News Service via AP)

CLICK TO GET THE FOX NEWS APP

They added, “He also hands out Swiss watches like Omega or the latest electronic devices at events commemorating the birthdays of the Kim family or the party congress meeting.”

North Korea has been accused by international authorities of selling weapons to Russian invading forces in Ukraine and Hamas terrorists in Gaza.

This black market is a major income opportunity for North Korea, which suffers from foreign trade restrictions due to its long history of human rights abuses.

Timothy Nerozzi is a writer for Fox News Digital. You can follow him on Twitter @timothynerozzi and can email him at timothy.nerozzi@fox.com

Share

Recent Posts

Spanish Prime Minister Sanchez to run for re-election despite corruption investigations

close Video Trump arrives at NATO summit, reassures Europe on US backing Senior White House…

4 hours ago

Ukraine’s ex-foreign minister backs Trump on defense spending, warns diplomacy with Putin is nearly exhausted

close Video Ukraine's ex-foreign minister calls on Trump to reshuffle 'sticks' and 'carrots' for Russia…

8 hours ago

UN’s atomic agency’s Iran policy gets mixed reviews from experts after US-Israel ‘obliterate’ nuclear sites

close Video The Achilles heel of Iran's regime is the people, says Lisa Daftari 'Fox…

11 hours ago

Iranian dissident leader outlines vision for regime change, says it’s ‘inevitable’

close Video Americans rally behind Trump's bold strike against Iran's nuclear threat People across the…

15 hours ago

US airstrikes leave a mark on Iran’s nuclear sites, Maxar satellite images reveal

close Video No indication Iran has given up nuclear ambitions after US strikes Fox News…

17 hours ago

CEASEFIRE: Can a pause in fighting lead to lasting peace where conflicts have become the norm?

close Video Trump urges Israel not to retaliate, says ceasefire with Iran will hold IDF…

17 hours ago