Six Convicted of Paying off North Korea to Hold Summit

[demdave]

SEOUL, South Korea (AP) - Six prominent South Korean officials were convicted Friday of secretly transferring money to North Korea ahead of a historic 2000 summit, the first to be punished in a scandal that tarnished the image of a Nobel Peace prize-winning former president.


The six, including two key figures in the administration of former President Kim Dae-jung, were given suspended prison terms immediately after the conviction by the Seoul District Criminal Court


The court found them guilty of secretly paying $100 million in violation of South Korea's strict foreign currency regulations.
http://ap.tbo.com/ap/breaking/MGATAZ9A2LD.html


So that's the going price for a Nobel Peace Prize. Hmmmmm

[Brucey]

1. That's considerably less than Chimpy is making us pay.

[demdave]

2. I guess that excuses it all then. Thanks for straightening that out.

n/t

[Don_G]

3. I Can See Paying N Korea

As an investment in infrastructure and manufacturing facilities to make money, but I don't understand why they would have to resort to secrecy and bribery in a deal that benefits both nations.

I suppose I don't understand the political climate in the region well enough.

[demdave]

4. South Korea has strict laws about the government transfer of money to N.K.

When they paid for a summit with the sole intent of getting a Nobel Peace prize, that was a crime.