2oceansvibe News | South African and international news

Sponsored by RSAWeb rss
2ov Radio
  • Home
  • About
    • Terms and Conditions
    • Seth Rotherham
  • du Cap Collection
  • Café du Cap
  • Cabine du Cap
  • Media Packs / Advertising
  • Contact
    • Contact
    • Anonymous Tips
    • Twitter
    • Facebook
Seth Rotherham
  • North Korea Once Stole 1 000 Volvos From Sweden

    09 Feb 2023 by Heinrich in Crime, Politics, World
    Related Posts
    • Friday Morning Spice
    • Loophole Allows Swedish Teens To Drive Without A License
    • Monday Morning Spice
    • Tuesday Morning Spice
    • Thursday Morning Spice

    [imagesource:wikicommon]

    The clique North Korean country has been a thorn in many sides since it decided to close itself off from the rest of humanity. Despite the constant threat of nuclear missiles raining down on Washington and whoever else imposes sanctions on Hennessy Whiskey, the country has so far only caused misery for the impoverished subjects living within its landmine-strewn borders.

    Few people however know that the northern neighbour of Gangham-style loving South Korea once pulled a fast one on the Swedish Car Manufacturer Volvo.

    In the 1970s, North Korea was still rolling in communist cash, and Swedish distributors saw their chance to funnel some of that money towards their own socialist economy. What followed was a brief period where Sweden cosied up to the North and even opened an embassy in Pyongyang, becoming the first Western nation to do so. In the process, Sweden sent nearly $70 million in heavy machinery to the inland island. Among these exports was a delivery of 1 000 Volvos with Pyongyang’s promise to ‘pay them back later’.

    Unfortunately for the Swedes, the North Korean economy soon began its dictator-driven slide into poverty and with the disappearing freedoms, so too did any chance of getting their money, or their Volvo’s back. Sweden doesn’t seem too fazed about the loss though and has even poked fun at the fact that some of the Volvos are still in use in the country.

    Still going strong. One of the Volvo’s from yr 1974 still unpaid for by DPRK. Running as taxi in Chongjin w almost half million km on odo! pic.twitter.com/2FaMpnPow7

    — Sweden in Pyongyang (@SwedenDPRK) October 21, 2016


    The Swedish embassy seemed amused by the half-million kilometres on the clock of the GTA vehicles. According to NPR, the total debt owed to Sweden for the Volvos has ballooned to $322 million in accrued penalties since 1974.

    Considering that Kim Jung-Un doesn’t mind starving his people, I doubt if their meatball-loving neighbours are going to see a single Krona from the ‘little man’. Maybe they should send Alec Baldwin?

    [sources:npr&thedrive]

    • ← The Lush Drakensberg Mountain Lodge That Tom Cruise Stayed In While Filming In South Africa [Images]
    • The Electric Rolls-Royce Spectre Has Been Hot-Weather Testing In South Africa [Images] →
    • Tweet
    • Tags:
    • dictatorship
    • kim jung-un
    • north korea
    • Pyongyang
    • sweden
    • volvo

    Latest News

    • SA’s Notorious ‘Facebook Rapist’ Thabo Bester Who “Died” In A Prison Cell May Be Alive And Well In Joburg

      [imagesource:iol] This story is distressing on so many levels. Thabo Bester was serv...

    • Friday Morning Spice

      [imagesource:flickr] Belgium Had Pr...

    • Politician And His Wife Found Guilty Of Organ Trafficking Plot

      [imagesource:unsplash] See, what did we say about politicians? After transporting an...

    • You Might As Well Check Out Bing’s New AI Image Generator – It’s Free And Fun

      [imagesource:bing] I asked Bing's new AI image generator feature to give me a picture o...

    • Supersport Commentator Makes Fun Of “The Okes”

      [imagesource:maxpixel] A Supersport commentator has sparked some discussion recently wh...


    • 2oceansvibe Partners

    • CONTACT US
    • GOT A HOT STORY?
    • 2oceansvibe Radio
    • 2oceansvibe Media
    • Media Pack
    • Seth Rotherham
    • Café du Cap
    • Cabine du Cap
    • Cape Town City Accommodation
    • Terms & Conditions
    • Business
    • Media
    • Entertainment
    • Tech/Sci
    • World
    • Travel
    • Lifestyle
    • Sport
    • Politics
  • Follow

    2oceansvibe.com is part of the 2oceansVibe Media Group

    DMMA Logo