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Category: East Asia
India pledges $300m loan to boost Vietnam’s maritime security
India has offered to provide Vietnam with US$300 million to strengthen its maritime security amid rising tensions in the Asia-Pacific region and increasing wariness in both countries about China’s growing military might and assertiveness. India’s pledge was made during a visit to India this week by Vietnamese Prime Minister Pham Minh Chinh, during which he and his host, Prime Minister Narendra Modi, virtually inaugurated a military software hub in the city of Nha Trang in central Vietnam. The Army Software Park is being developed with India’s assistance and is expected to produce software solutions as well as provide information technology services. Modi said at a welcome ceremony for Chinh at Hyderabad House on Thursday that Vietnam was an important partner in India’s Act East Policy and Indo-Pacific vision. The Act East Policy is a diplomatic initiative to promote economic, strategic and cultural relations with the vast Asia-Pacific region at different levels. Both countries would “continue cooperation for a free, open, rules-based and prosperous Indo-Pacific,” Modi said. This visit from July 30 to Aug. 1 was Chinh’s first trip to India as head of government. RELATED STORIES Vietnam’s PM visits India to reaffirm strategic partnership Vietnam mulls law that may open market to foreign arms firms Vietnam hosts its first international defense expo The leaders said in a joint communique at the end of the visit that Vietnam and India “agreed to strengthen further their defense cooperation based on common priorities and interests, and to contribute to the stability in the Indo-Pacific region.” A package of preferential loans worth US$300 million would be offered for two projects to improve Vietnam’s maritime security, they said. They did not specify details but Indian media said the money would be spent on procuring two types of patrol boats for the Vietnamese navy. In June 2023, India donated to Vietnam a missile corvette, the INS Kirpan, and also sold it 12 high-speed guard boats. Rule-based South China Sea Maritime security is seen as one of the most important elements of Vietnam-India bilateral relations and they have held regular maritime security dialogues since 2019. The joint communique emphasized the importance of “maintaining peace, stability, security and freedom of navigation and overflight in the South China Sea.” Both countries are committed to finding peaceful solutions to maritime disputes in accordance with international law, in particular the 1982 U.N. Convention on the Law of the Sea, or UNCLOS, they said. They stressed that UNCLOS is the legal framework for all maritime activities in the region and the basis for all claims over jurisdiction. Vietnam, together with other ASEAN countries, and China are negotiating a code of conduct for parties in the South China Sea. India and the United States are not involved in those talks but the two leaders called in their communique for a rule-based and effective code of conduct that “does not affect rights and jurisdictions of other countries, including those not taking part in the negotiation process.” China has warned against what it sees as the “intervention” of outside countries in South China Sea disputes. Edited by Taejun Kang.
State media shows North Korean Leader Kim Jong Un leading flood rescue
North Korean leader Kim Jong Un has been spotted in state media leading flood relief efforts after heavy rains caused the Yalu River to swell, inundating sections of nearby towns, residents in North Korea and China told Radio Free Asia. More than 5,000 people who were stranded by the floodwaters were saved by on-site instructions relayed by Kim, the state-run Korea Central News Agency reported, complete with photos showing him leading the rescue effort. The South Korean government said that there was a high possibility of casualties given that North Korea was reporting about the rescue effort in such detail. Some of the residents were trapped when they did not heed warnings to evacuate and stayed in their homes, residents said. Meanwhile, North Koreans who have been dispatched to work in China are being forced to donate to a flood relief fund from their pay. A resident who requested for security reasons only to be identified as living near the Yalu, told RFA Korean that residents in and around Hyesan, in the northern province of Ryanggang, were facing “life threatening” moments since the river’s waters began to overflow. A view of a flooded area near the country’s border with China, which has been hit by heavy rainfall from Tropical Storm Gaemi, in North Pyongan Province, North Korea, July 28, 2024. (KCNA via Reuters) “The water level of the Yalu River fluctuated by up to two meters (more than 6 feet) within an hour,” he said, adding that a vehicle equipped with a loudspeaker went from village to village along the river, instructing people to urgently move to higher ground. “Despite this, the residents just stood on the levee of the Yalu River, unsure of what to do, and did not evacuate,” the resident said. Most did not want to evacuate because they did not want to leave their belongings behind for opportunistic thieves, he said. “The area around the Yalu River has high property prices, and people with a higher standard of living in Hyesan City reside there,” he said. “Because they could not suddenly move their expensive belongings, such as refrigerators, televisions, and sewing machines, they were unable to evacuate despite knowing the danger.” He said that most North Koreans cannot afford things like televisions and sewing machines even after working hard for decades. “If the house was left empty, thieves would rush in and steal all the property in an instant, so the people felt they could not evacuate even when the water rose.” The Yalu floods have also affected Dandong, China, which lies across the river from North Korea’s Sinuiju, a resident in Dandong told RFA, on condition of anonymity for personal safety. “The Yalu River overflowed, causing water to rise up to sidewalks in Dandong,” she said. “On the other side of the river in Sinuiju, North Korean soldiers were stacking sandbags all day.” An island in the river located 2 kms (1.24 miles) upstream from Sinuiju was submerged according to reports. Relief payments When the flooding began, the North Korean government began asking workers it dispatched to China to donate to relief efforts. But just one day later, the government stopped asking and ordered them to donate, residents in China said. According to a report by the UN Expert Group on North Korea Sanctions published early this year, there are about 100,000 North Korean workers in over 40 countries, but mostly in China and Russia. Their presence is a violation of UN sanctions that required all dispatched workers to return to North Korea by the end of 2019 with no new worker visas issued. North Korea has been known to get around sanctions by sending the workers on student or tourist visas. “An order to raise funds for flood recovery was issued today at the Dandong Branch of the Consulate General in Shenyang,” a resident of Dandong told RFA on condition of anonymity for personal safety. He said that news reports showing Kim Jong Un leading rescue efforts kept coming in to companies in Dandong, so they convened an emergency meeting for each work unit and ordered them to contribute to the relief effort personally. “However, most of the workers dispatched to China were passive about providing financial support, even though they were saddened by the reality of their country suffering from heavy flood damage,” he said. “Through the meeting, some workers decided to donate 10 yuan (US$1.30) from their monthly salary, while others decided to donate up to 30 yuan ($4.15).” The purpose of their being overseas is to raise foreign currency for the cash-strapped government, so they are already forced to donate the lion’s share, and are paid only a fraction. To have to donate even more increases their hardship, the Dandong resident said. “The reason North Korean workers are reluctant to participate in support projects is because it is difficult to live on only 300 yuan ($41.50) each month,” he said. “They’re out here saying that flood recovery should be something that the government should take care of.” North Korean leader Kim Jong Un walks up an embankment towards a train during a visit to a flood-affected area near the border with China, in North Pyongan Province, North Korea, in this undated photo released July 31, 2024. (KCNA via Reuters) A Chinese citizen of Korean descent in Dandong said that the North Korean consulate in Shenyang later required that each worker donate 200 yuan ($27). “Workers were initially expected to contribute 10 yuan ($1.38) each, with officials donating 50 yuan ($6.92),” he said. “When this failed to raise the necessary amount, they upped it to 200 yuan.” He said the workers are angered that they are being made to donate so much. “It is unfortunate that three days of heavy rain led to flood damage, but the people are complaining, wondering if they will lose all of their already tiny salary.” Translated by Leejin J. Chung and Claire S. Lee. Edited by Eugene Whong.
China sanctions US lawmaker for criticizing Beijing’s human rights record
China on Wednesday sanctioned U.S. Rep. Jim McGovern, accusing him of “interfering in China’s internal affairs,” though the congressman said it would not deter him from continuing to speak out against the Chinese government’s poor human rights record in Tibet. The sanctions against McGovern, a Massachusetts Democrat, prohibit him from engaging in any transactions or other activities with organizations and individuals in China. They also bar him and his family from entering the country, China’s Ministry of Foreign Affairs said in a statement. The sanctions took effect on Wednesday as a “countermeasure” against McGovern’s actions and statements that “interfere in China’s internal affairs and undermine China’s sovereignty, security and development interests,” the ministry said. McGovern told Radio Free Asia that the sanctions’ timing suggests they are a reaction to a U.S. bill on Tibet that President Joe Biden signed into law earlier this month and to McGovern’s meeting with the Tibetan spiritual leader, the Dalai Lama, at his home in Dharamsala, India, in June. “If PRC [People’s Republic of China] leaders don’t like it when people speak out against their horrific human rights record, maybe they should improve their horrific human rights record,” he said. “They can start by ending their oppression of Tibetans, ending their genocide in Xinjiang, and ending their crackdown on democracy in Hong Kong.” RELATED STORIES Biden signs bill urging China to resume talks over Tibet Defying China, US lawmakers meet with Dalai Lama Two Americans sanctioned by China say they don’t care US Congress passes bill on reciprocal travel to Tibet McGovern introduced and was among the key sponsors of the Promoting a Resolution to the Tibet-China Dispute Act, also known as the Resolve Tibet Act, that supports Tibetan self-determination and urges China to resume dialogue with the Dalai Lama or his representatives to reach a peaceful resolution to the dispute between Tibet and China. It also empowers the U.S. State Department to counter China’s disinformation about Tibet and encourages the Chinese government to “address the aspirations of the Tibetan people regarding their distinct historical, cultural, religious and linguistic identity.” A vocal critic McGovern has been a vocal critic of China’s human rights record and a firm Tibet supporter, having spoken out openly in the past on several humanitarian issues, particularly on China’s human rights violations in Tibet and Xinjiang and the impact of Beijing’s assimilation policies on Tibetan cultural, religious and linguistic identity. Asked whether Beijing’s latest move will result in any change in his stance on Tibet, McGovern responded, “Absolutely not.” The Tibetan Buddhist spiritual leader, the Dalai Lama, sips tea at the Tsuglakhang temple in Dharamsala, India, Feb. 28, 2023. (Ashwini Bhatia/AP) McGovern was also the author of the Reciprocal Access to Tibet Act which former U.S. President Donald Trump signed into law in December 2018. The law denies Chinese government officials access to the United States if they are responsible for creating or implementing restrictions on American government officials, journalists, independent observers and tourists seeking access to Tibet. China has also imposed sanctions and other restrictions on prominent U.S. citizens. In 2022, Beijing sanctioned U.S. historian Miles Yu and Todd Stein, a deputy staff director of the U.S. Congressional-Executive Commission on China who previously worked as a lobbyist for the International Campaign for Tibet. They were banned from traveling to China or contacting anyone there. Last year, China also imposed sanctions against Rep. Michael McCaul, a Texas Republican, one of the key sponsors of the Resolve Tibet Act who led a U.S. bipartisan congressional delegation to Dharamasala to meet with the Dalai Lama in June. Prior to the visit, China warned the delegation against making the trip. Later, Chinese foreign ministry spokesperson Lin Jian criticized the trip and said the U.S. must not sign the bill into law. At the time, Lin said China would take steps to “firmly defend its sovereignty, security and development interests.” Edited by Tenzin Pema for RFA Tibetan and by Roseanne Gerin and Matt Reed.
Philippines to get US$500M in defense infusion from Washington
The United States on Tuesday announced an “unprecedented” $500 million infusion to help the Philippines defend its shores amid increasing territorial threats from China, as the American and Filipino defense and diplomatic chiefs met in Manila. U.S. Defense Secretary Lloyd Austin and Secretary of State Antony Blinken made the announcement after meeting with their Filipino counterparts, Gilbert Teodoro and Enrique Manalo, at a so-called “2+2” meeting in the Philippine capital. It was the first time the meeting was held in the Southeast Asian country, a key U.S. ally in the region that has opened nine military bases to American troops. “[W]e are taking bold steps to strengthen our alliance,” Austin told a press briefing after nearly four hours of closed-door talks. “We are poised to deliver a once-in-a-generation investment to help modernize the Armed Forces of the Philippines and the Philippine Coast Guard. We are working with the U.S. Congress to allocate 500 million dollars in foreign military financing into the Philippines,” he said. The Pentagon chief described this level of funding as “unprecedented,” saying “it sends a clear message of support for the Philippines from the Biden administration, the U.S. Congress and the American people.” Separately, the U.S. was looking to double its investment in Philippine military sites where American troops have access to under the Enhanced Defense Cooperation Agreement, Austin said. “President Biden’s budget request this year includes more than 128 million dollars to fund important EDCA infrastructure projects and U.S. government investment in these locations,” he said. “During our meeting we also reaffirmed that the Mutual Defense Treaty remains the bedrock of our alliance,” Austin said. “And let me be clear: the Mutual Defense Treaty applies to armed attacks on either of our armed forces, aircraft or public vessels anywhere in the South China Sea.” Signed in 1951, the treaty calls on the allies to come to each other’s aid in times of foreign aggression. The Philippines maintains an old, rusting World War II-era ship, the BRP Sierra Madre, in Second Thomas (Ayungin) Shoal, to serve as its military outpost in the disputed South China Sea reef. Marcos meets with Austin, Blinken President Ferdinand Marcos Jr. set the tone for Tuesday’s 2+2 meeting when he met Austin and Blinken at the Malacañang presidential palace earlier in the day. He said he was pleasantly surprised that both secretaries had taken time out to visit Manila despite the political transition in the U.S. “And I am always happy that these communication lines remain very open – all the things we are doing together in terms of alliance, in terms of the specific context of our situation here in the West Philippine Sea … are constantly examined and re-examined so we are agile in terms of our responses,” Marcos said, referring to South China Sea waters within the Philippines’ exclusive economic zone. Blinken said the meeting was evidence of a “steady drumbeat of very high-level engagements” between the longtime allies. Austin underscored that both nations were “more than allies” and practically family. “We have common interests, common values,” he told Marcos, according to transcripts released by the presidential palace. “And so I think we’ve done a lot over the last three and a half years to continue to strengthen our alliance, and we look forward to continuing to work with you and your team to move even further.” (From left) U.S. Defense Secretary Lloyd Austin, Secretary of State Antony Blinken, Philippine Foreign Secretary Enrique Manalo and National Defense Secretary Gilberto Teodoro pose for the cameras after holding foreign and defense ministerial meetings at Camp Aguinaldo in Manila, July 30, 2024. (Jason Gutierrez/BenarNews) Last week, the Philippines and China agreed on an arrangement on Filipino missions to Ayungin to “de-escalate” tensions in the sea region after an incident last month during which a Filipino serviceman lost a thumb during a violent encounter with Chinese coast guard and navy forces. Following the agreement, the Philippines last Saturday transported a fresh batch of Filipino forces to the BRP Sierra Madre. It went ahead without any incident, but the Chinese subsequently said it allowed the mission to go through after confirming on the scene that the Filipino vessel only carried “humanitarian living necessities.” The details of the arrangement have not been made public, but the Philippines disagreed with China’s version of events. Geopolitical analyst Julio Amador IIII said China was playing up to an international audience that the Philippines had “acquiesced” to its demand but that in truth, “it was purely a diplomatic spin.” “Beijing cannot help itself in this regard because it has to show that it did not bend to a weaker competitor,” Amador told RFA affiliate BenarNews, stressing that Manila was right in responding quickly to any Chinese claims. He said the “2+2” meeting indicated how serious the U.S. was in addressing what it sees as a security threat posed by China. “The 2+2 is the ministerial level alliance management mechanism that provides direction to both countries in working together as security and defense allies,” he said, adding that the U.S. $500 million funding would likely go towards supporting the Philippine military’s modernization program. “This is the single biggest support that the Philippines will receive from the U.S. in FMF [foreign military financing]. It will address previous comments from Manila that non-U.S. allies actually get more support than actual allies.” BenarNews is an RFA-affiliated online news organization.
Authorities in Xinjiang rearrest son of prominent Uyghur businessman
Authorities in Xinjiang rearrested the son of a prominent Uyghur businessman two days after he was released from “re-education” in March and days before before his wedding, two relatives with knowledge of the situation told Radio Free Asia. Abuzer Abdughapar, 24, who worked at a car dealership in Xinjiang’s capital Urumqi, was rearrested on March 25 by public security authorities, said his uncle Abdusattar Abdurusul, citing information from other relatives in Almaty, Kazakhstan. He was supposed to get married on May 11, an event to which his relatives in Almaty had been invited, Abdusattar said. The reason for Abuzer’s arrest is unknown, and authorities have not informed Abuzer’s family about his whereabouts. Abuzer was first arrested and detained in 2017 in his hometown of Ghulja – or Yining in Chinese – after spending a year studying Turkey. He was sent to a “re-education” camp and released nearly a year later. His rearrest is an example of how authorities are apprehending Uyghur detainees, who have already served time in “re-education” camps or prisons, under various pretexts to eliminate what Chinese authorities deem “threats to national security.” Among those rearrested are entrepreneurs and philanthropists, and Uyghurs who have traveled abroad, especially to Muslim countries. Abdughapar Abdurusul in an undated photo. (Courtesy of Abdusattar Abdurusul) “I heard there [was] a 100-day clearance going on which entailed the rearrest of people who were arrested and released before,” Abdusattar said. “The Chinese government is trying to erase us.” Mutallib, the Almaty-based older brother of Abuzer’s grandmother, confirmed the young Uyghur’s rearrest. “We heard he was arrested on March 25 and that he has not been released,” he said. “The wedding was paused as well. Up to now, we don’t know his whereabouts or the reason for his arrest.” Chinese police officers at the Public Security Bureau in Urumqi refused to answer questions about Abuzer’s rearrest when contacted by RFA. Father arrested in 2018 His father tried to bribe authorities in Urumqi to release Abuzer, but they lied to him and disappeared after receiving the money, Abdusattar said. In 2018, authorities also arrested Abuzer’s father, Abdughapar Abdurusul, a prominent philanthropist and owner of a multimillion-dollar import-export company in Ghulja that does business with Kazakhstan, for taking an unsanctioned Muslim pilgrimage to Saudi Arabia and “tax evasion,” Abdusattar said. They also detained Abuzer’s mother, Merhaba. The family’s fixed assets, companies and houses worth more than several hundred million dollars were confiscated, he said. Merhaba later died in a “re-education” camp. Abdughapar had been sentenced to death, but was released in 2020, said his older brother Abdusattar, a businessman who lives in Europe. Abdusattar said he believes that Abuzer and Abdughapar were released after he went public about their detentions via Western media, including RFA. Authorities re-arrested Abdughapar a second time in summer 2021, but released him a few months later, his brother said. The cause of his arrest is unknown. Translated by RFA Uyghur. Edited by Roseanne Gerin and Matt Reed.
Laos, Thailand mark first direct passenger train between Bangkok, Vientiane
The first direct passenger train between Bangkok and Vientiane arrived earlier this month. Previously, passengers could ride from Bangkok to the Thai city of Nongkhai on the border with Laos. But now they can travel straight into Vientiane – and also have the option of transferring to the high-speed rail line that travels north to Kunming in southwest China. The first State Railway of Thailand train began servicing the route on July 19. A return train on July 20 left Vientiane at about 6:25 p.m. and arrived in Bangkok at about 7:35 a.m. the next day. Prices ranged from between 158,000 kip (US$7) to 560 million (US$24) kip. It was so popular that officials added an additional carriage after passengers bought most of the available tickets. “I always commuted by train when I was studying,” one Lao passenger told Radio Free Asia. “I wanted my kids to take this train, so they could experience it.” Eventually, passengers could travel from Bangkok and Vientiane on a high-speed rail line. Earlier this year, Chinese Foreign Minister Wang Yi told Thailand’s prime minister that he hopes to speed up construction of a high-speed rail line in Thailand that would connect with Laos’ high speed line, which China built in 2021 as part of its Belt & Road Initiative. China has said that it plans to construct and connect a 3,000-kms (1,864-miles) pan-Asian railway network, in which Chinese rail lines would extend all the way to the tip of the Malay Peninsula, linking Beijing to Singapore. Edited by Matt Reed.
Another day, another fraud case in Vietnam
The week that Vietnam was in an official state of mourning for Communist Party General Secretary Nguyen Phu Trong, whose tenure was centered on a “Blazing Furnace” anti-corruption campaign that toppled dozens of top officials, another big corporate fraud trial began in a Hanoi court. While its scale and scope pale in comparison to the Van Thinh Phat scandal orchestrated by businesswoman Truong My Lan, who was convicted and sentenced to death in April 2024, the FLC (Finance, Land, and Commerce) scandal is garnering significant media attention. Trinh Van Quyet, was a young, brash, high-flying tycoon, and briefly in 2021, the country’s wealthiest person. Established in 2010, his property company, FLC, quickly grew into a sprawling conglomerate with some 17 subsidiaries and affiliated companies in real estate, resorts and golf courses, as well as Bamboo Airways, once the second largest privately-owned airline in the country. Quyet, 49, was arrested in March 2022 along with his two sisters for stock market manipulation, appropriation of property, and fraud. Authorities arrested 47 other people, including FLC executives and several regulators. In all, 15 relatives are on trial. At least one other FLC executive is at large. FLC Group CEO Trinh Van Quyet holds a model of a Boeing Dreamliner passenger jet at his office in Hanoi, July 30, 2018. (Nhac Nguyen/AFP) Perhaps more importantly, police arrested the former chairman of the Ho Chi Minh Stock Exchange, Tran Dac Sinh, its director, Le Hai Tra, and two other bourse executives. The four were charged with “abusing positions and powers while performing official duties.” Quyet is accused of running $156 million “pump and dump” stock fraud between May 2017 and January 2022. He had his two sisters and 43 other family members establish some 500 different brokerage accounts. False documents Quyet and his family members traded FLC stock amongst themselves at a frenzied pace, creating the perception of demand and causing the price to soar. On many occasions, his sister would cancel a stock purchase at the last minute, having already created the impression that the shares were in demand. In another scheme, from 2014-2016, Quyet had family members and employees at another subsidiary, FLC Faros Construction, falsify documents to make it look as though they were making investments and increasing the firm’s charter capital from VNĐ1.5 billion ($59,000) to VND4.3 trillion ($169 million). Thus when the once loss-making private company was publicly listed, which was only possible because of the intervention of corrupt bourse officials, it appeared to be worth significantly more than it was. Police escort FLC Group CEO Trinh Van Quyet to court on July 22, 2024, for his trial on fraud charges in Hanoi. (Anh Tuc/AFP) Quyet and other defendants quickly sold the 391 million of 430 million shares that they controlled, netting $142 million, and collapsing the stock price for other investors. All in all, the various schemes resulted in the six listed FLC companies seeing the value of their shares rise between 70% and 1,700%. In addition to the fraud, Quyet sold large shareholdings without notifying financial regulators, a requirement for corporate executives. In January 2022, he sold nearly 75 million shares of FLC stock, collapsing share prices, and prompting the Ministry of Public Security to open an investigation. RELATED STORIES Mendicant monk Thích Minh Tuệ offers an embarrassing contrast to Vietnam elites Breaking the laws of the land: Vietnam’s real estate scandals Ouster of parliament chief bares Vietnam corruption, power struggle Cleaning house in the Communist Party of Vietnam ahead of Tet Meet To Lam, Vietnam’s Communist Party chief and successor to Nguyen Phu Trong Regulatory shortfalls The FLC case matters for three reasons. First, it was only possible because the regulators were in on the fraud. As was the case in Truong My Lan’s massive fraud case at Saigon Commercial Bank, the scheme was abetted by poorly paid regulators. This once again raises the question “who regulates the regulators?” If Vietnam cannot get a baseline financial regulatory system running, it will negatively impact its domestic capital markets, corporate governance, and deter foreign investment. While the Ministry of Public Security did a good job in investigating the fraud, as they did with Lan’s Van Thinh Phat (VTP) and Saigon Commercial Bank, it never would have gotten to this point if there was proper regulatory oversight. Second, while Vietnam’s stock market is not that large, it stands as one of the few opportunities for Vietnamese citizens to invest their money. With a lack of confidence in their currency, Vietnamese tend to buy gold. In fact, in the past half year, the price of gold in Vietnam was trading well above international prices. The government had to auction off some of its gold reserves just to cool the market. A woman displays gold at a shop in Hanoi, Oct. 11, 2009. (Kham/Reuters) Vietnamese also buy real estate, but that’s not always a safe investment. The domestic real estate market in Vietnam resembles China’s in many ways. Many property firms are saddled with debt and have defaulted, especially on dollar-denominated bonds. A domestic credit crunch caused by the VTP scandal in late 2022 led to even more defaults and stalled real estate projects. Many Vietnamese were left paying mortgages on unfinished real estate that they could neither inhabit, nor rent. The third place Vietnamese park their savings is in the stock market. The majority of shares in the Vietnam stock market are owned by individual, not institutional, investors. So when there is widespread fraud, it really hurts the burgeoning middle-class. Quyet’s fraud was fairly simple, but the effects were widespread: There were nearly 100,000 victims. Although Quyet has paid some $8.3 million in restitution, it’s a drop in the bucket. Cost to taxpayers Third, the FLC fraud trial has an impact on the larger economy. The company – which is one of the largest private companies in the country – is still in operation, but barely. The Ho Chi Minh Stock exchange delisted the company due to the fraud. Trading…
North Korea to sell gambling rights at vacant 105-floor Ryugyong Hotel in Pyongyang
A North Korean hotel which has been under construction for 37 years has plans to sell the rights to operate a casino on the premises if the operator promises to complete construction of the building’s interiors, a resident of the capital Pyongyang told Radio Free Asia. The 105-floor Ryugyong Hotel began construction in 1987 and at 330 meters (1,080 feet), it is the tallest building in North Korea and the most iconic structure in Pyongyang’s skyline. Though it was supposed to open in 1992, the collapse of the Soviet Union ended the steady stream of aid from Moscow, and the North Korean economy entered a period of crisis that culminated in the 1994-1998 famine, so finishing the hotel became less of a priority. External construction was completed in 2011 and the Ryugyong was supposed to open partially in 2013, but those plans fell through. Though it remains vacant, LEDs have been installed on one side of the building’s facade, converting it into one of the world’s largest displays. It’s currently used to show propaganda signage, visible from much of the city at nighttime. Gamblers play a slot machine in Pyongyang, April 12, 2012. (Pedro Ugarte/AFP) “A plan to install a casino at the Ryugyong Hotel has been reviewed,” a resident of the capital told RFA Korean on condition of anonymity for security reasons. “The plan is to try to attract foreign investment.” The review happened after the country’s leader Kim Jong Un ordered that the government take practical measures to promote tourism, according to the resident. “The authority to determine the location of the casino to be installed at the hotel and the right to operate the casino will be granted to a foreign entrepreneur who invests in the cost of internal construction,” he said. “This project was approved by the Central Committee after reviewing and discussing the profitability of the casino installed at the Yanggakdo Hotel, also in Pyongyang.” The Yanggakdo is North Korea’s first luxury hotel, opened in 1996. It is perhaps most well known as the site of the 2016 Otto Warmbier banner-stealing incident that led to the U.S. citizen’s detention and eventual conviction and 15-year prison term. Warmbier was repatriated in a vegetative state in June 2017 and died shortly afterward. Authorities hope to capture the success of the foreigners-only casino at the Yanggakdo in the Ryugyong. Light designer Kim Yong Il smiles during an interview with the Associated Press as his creation, the light show displaying propaganda messages on the facade of the pyramid-shaped Ryugyong Hotel, is seen in the background in Pyongyang, North Korea, Dec. 20, 2018. (Dita Alangkara/AP) Casinos in North Korea are very profitable for the government, as they siphon away foreign currency from international tourists, a resident from the northwestern province of North Pyongan told RFA on condition of anonymity to speak freely. Currently the country has two such casinos, at the Yanggakdo in Pyongyang and the Bipa Hotel in the Rason Special Economic Zone in the northeast near the border with China and Russia. The 105-storey Ryugyong Hotel, the highest building under construction in North Korea, is seen lit up ahead of 70th anniversary of country’s foundation in Pyongyang, September 6, 2018. (Danish Siddiqui/Reuters) “When the casino is built at the Ryugyong Hotel in Pyongyang and the hotel’s accommodations, restaurants, swimming pool, and billiards room are finally completed … tourism in Pyongyang is expected to be revitalized,” the North Pyongan resident said. “This is why overseas investment is desperately needed.”. He said trade representatives would advertise the investment opportunity at a Chinese government-sponsored product exhibition event involving North Korea, China, Russia and Mongolia scheduled to start on Saturday in the Chinese city of Dandong, which lies across the Yalu River from North Korea’s Sinuiju. Translated by Claire S. Lee. Edited by Eugene Whong.
North Korea bans hit war movie 5 months after release
A hit North Korean big budget film that took four years to make and was intended to usher in a new era of high quality movie production has been banned only five months after its release, residents in the country told Radio Free Asia. The blockbuster “72 Hours” tells the story of the opening moments of the 1950-53 Korean War – which it says South Korea started – and it details how the North Korean army captured Seoul in only three days. In reality it was the North that attacked first, but Pyongyang maintains that the first sacking of Seoul during the conflict–it changed hands four times–was part of a counteroffensive. The government has not announced a reason why the film has been mothballed, but a resident of the northwestern province of North Pyongan said on condition of anonymity for safety reasons that it might be because of the government’s recent crackdown on the term “unification,” in line with leader Kim Jong Un’s policy of considering South Korea a separate hostile country, rather than part of the same race of people. She also said it might be because the government is trying to scrub media that has references to South Korean place names. The word “Seoul” is spoken many times in the film, for example. “The movie is about our army advancing south after we were attacked … on June 25, 1950, which makes residents think that it was actually us who lit the fuse of war,” she said. The resident also said the plot of the film blames military commanders for resting on their laurels after taking the capital, when they should have advanced and taken all of South Korea before it could catch its breath. “Usually, the price of a movie ticket is 1,000 (10 US cents) won, or 3,000 won (30 cents) if it’s new,” she said. “However, ‘72 Hours’ … cost 18,000 won ($1.80)” That amount is an enormous sum, equivalent to about half a month’s salary for the lowest paid government jobs. Related Stories In new movie, the South started the Korean War, as Pyongyang has always claimed North Korea bans more than 100 patriotic songs that refer to reunification Kim Jong Un to revise constitution, label S Korea as ‘primary enemy’ “The authorities suddenly banned the screening of the movie ‘72 Hours’ and issued a policy to retrieve all copies of ‘72 Hours’ that had spread among residents,” she said. “They did not specify the reason for banning it and they just suddenly designated it as prohibited.” Most copies of the film were distributed from person to person on USB flash drives, so the crackdown not only forbids viewings of “72 Hours,” but also distribution, a resident of the northeastern province of North Hamgyong told RFA on condition of anonymity to speak freely. “The movie ‘72 Hours,’ which was first released in February this year, attracted a lot of attention from residents from the beginning,” he said. “It is on an entirely different level than previous movies and has been highly anticipated since its production.” It was supposed to be a film that represented the priorities of the Kim Jong Un era, he said. The high ticket price made it a premium film that poorer residents could not afford to see in theaters. “The Party said the movie would not be aired on television until all production costs were recovered. And now, the movie has been banned,” he said. Translated by Claire S. Lee. Edited by Eugene Whong.
North Korea brushes off any hope of better U.S. ties under Trump
North Korea dismissed on Tuesday a suggestion by former U.S. President Donald Trump that he could improve relations if he were to win November’s election, saying it did not expect any change in U.S. hostility and it was ready for confrontation. Trump spearheaded an unprecedented diplomatic push on North Korea when he was president in an effort to get it to abandon its nuclear and missile programs. He met North Korean leader Kim Jong Un three times, including once at the Joint Security Area in the Demilitarized Zone between the two Koreas. But the effort brought no tangible progress and North Korea has been relentlessly building up its nuclear arsenal and developing the missiles with which to carry the bombs. As Trump prepares for his bid to win the presidency for a second term, he has referred to his efforts on North Korea, implying he could make progress if he returned to the White House. He said in a speech at the Republican National Convention in Milwaukee last week: “It’s nice to get along with somebody who has a lot of nuclear weapons.” RELATED STORIES Surprise Trump-Kim DMZ Meeting Wins Applause, But Raises Doubts About Real Progress Rumors of Breakdown in US-North Korea Summit Spread in North Korea Abrupt End to US-North Korean Summit Disappoints Experts, But Some See Prospect of Future Negotiations But the state Korean Central News Agency, or KCNA, appeared to rule out in a commentary any hope for warming ties, even if Trump becomes president again. “No matter what administration takes office in the U.S., the political climate, which is confused by the infighting of the two parties, does not change and, accordingly, we do not care about this,” said the news agency, which reflects official thinking. “It is true that Trump, when he was president, tried to reflect the special personal relations between the heads of state but he did not bring about any substantial positive change,” it said. The KCNA said the U.S. had pursued “the most vicious and persistent hostile policy” towards it for decades and it was prepared to defend itself. “The DPRK has bolstered its self-defensive capabilities to safeguard its ideology, social system, dignity and life and is fully ready for all-out confrontation with the U.S.,” it said, referring to North Korea by the initials of its official name, the Democratic People’s Republic of Korea. The U.S. has long argued that North Korea’s nuclear program is illegal and subject to U.N. sanctions aimed at pressing it into disarmament talks, while backing staunch U.S. ally South Korea. Edited by Taejun Kang.
