HOT! Minister of Finance shot by Firing Squad!

[mortarmafia]

North Korean govt had ordered their minister of finance to be executed by firing squad for failure in financial and currency reforms.

Mr. Tharman S.... you better watch your ass! Think why did Ass Loong past his own post to you? You are scape goat! And Ang Moh Good Year was smarter than you! He fled FAST!

You better flee ASAP!

http://tw.news.yahoo.com/article/url/d/a/100318/17/22aac.html


當官的請穩住！　貨幣改革失敗　北韓前財長傳遭槍決
NOWnews 更新日期:"2010/03/18 16:55" 國際中心／綜合報導

果然是「官不聊生」？！南韓媒體18日披露，北韓勞動黨前計畫財政部長朴南基，因為任內推動的貨幣改革失敗，已經在上週於平壤被槍決身亡。

民主國家的政務官，或許可以動不動就以「非我志趣」向執政者請辭、主動告退，但在共產國家裡頭，這樣似乎是行不通。南韓文化日報報導引述對北韓消息靈通人士的消息指出，北韓當局已經在上週槍決了推動貨幣政策失敗的朴南基，地點就選在平壤市順安區的某一射擊場裡頭。

報導說，貨幣改革失敗後，引發北韓人民不滿情緒，也為北韓最高領導人金正日的三子金正銀權力接班，帶來負面影響。為此，北韓當局決定把一切責任都推給朴南基，最後還以「萬古逆賊」的反革命分子罪名、扣上「作為大地主的兒子，潛入革命隊伍，蓄意置國家經濟於死地」罪名，將朴南基執行槍決。

據報導，朴南基今年1月4日和9日還曾經陪同金正日先後參訪北韓慈江道會川發電所興建現場，以及咸鏡北道金策製鐵聯合企業所，為當地的勞工加油打氣。但在1 月中旬於北韓勞動黨中央全體幹部出席的會議上受到強烈批評。朴南基隨後就銷聲匿跡，也傳出遭拘禁並接受國家安全保衛部審訊。雖曾經有消息傳出他已經在2月份遭處決，但最新消息顯示，朴南基遭槍決時間其實是在上週。

中央社引述報導指出，消息人士表示，無論北韓精英或普通老百姓，對於當局冠在朴南基身上的罪名，並不相信。多數人都認同，朴南基應該是北韓領導班子的代罪羔羊。

 

[mortarmafia]

http://tw.news.yahoo.com/article/url/d/a/100318/16/229yu.html

貨幣改革失敗代罪羔羊 北韓高層官員遭槍決
路透 更新日期:"2010/03/18 14:30"

（路透首爾18日電）報導今天指出，北韓為追究失敗的貨幣改革而處決黨內一名財經官員，試圖平息公眾不滿和消除對平壤政權接班帶來的負面影響。

南韓聯合新聞通訊社（Yonhap）引述消息人士報導，北韓勞動黨（Labour Party）計畫暨財政部門首長朴南基（Pak Nam-Ki）上週遭平壤的行刑隊槍決，罪名是「身為中產階級的兒子，潛入革命隊伍，蓄意置國家經濟於死地。」

報導引述熟知情況的消息人士指出，但北韓的官員甚至普通老百姓，幾乎都不相信朴南基密謀反革命。

一名消息人士表示：「大部分的人都認為，他是北韓領導的代罪羔羊。」中央社（翻譯）

 

[mortarmafia]

http://www.ynetnews.com/articles/0,7340,L-3864490,00.html



Report: North Korea executes official for blunder

Published: 03.18.10, 07:44 / Israel News

North Korea has executed a ruling party official blamed for a botched currency reform, in a desperate attempt to quell public unrest and stem negative impact on Pyongyang's power succession, a news report said on Thursday.


The execution by firing squad in Pyongyang last week of Pak Nam-ki, Labour Party chief for planned economy, was for the crime of "a son of a bourgeois conspiring to infiltrate the ranks of revolutionaries to destroy the national economy," South Korea's Yonhap news agency said, quoting sources. (AP)


So many blunders in PAP for at least half the cabinet to face firing squad.

 

[mortarmafia]

http://www1.voanews.com/english/new...-Execution-Over-Currency-Reform-88422902.html

S. Korea Investigates Media Reports of N. Korean Execution Over Currency Reform

Kurt Achin | Seoul 18 March 2010
Replicas of new North Korean banknotes are displayed at a unification observation post near the border village of the Panmunjom
Photo: AP

Replicas of new North Korean banknotes are displayed at a unification observation post near the border village of the Panmunjom
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* North Korean Television Anchorwoman Has One Main Job - Praise Kim Jong-Il
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South Korea's government says it is looking into media reports that a North Korean official has been executed in connection with last year's failed reform of the North's currency. The episode once again highlights the shortage of reliable information from the secretive North.

South Korea's Yonhap news agency cited unnamed sources Thursday who say senior North Korean party official Pak Nam Ki was executed by firing squad in Pyongyang last week. Pak spearheaded last November's surprise revaluation of North Korea's currency, now widely seen as an economic debacle.

The Yonhap report says Pak is now being described in North Korea as having "conspired to infiltrate the ranks of revolutionaries to destroy the national economy."

Brian Myers is a specialist in North Korean media at South Korea's Dongseo University. He says although the report of Pak's execution remains unconfirmed, it does have a level of credibility.

"Until January, he was routinely mentioned as one of Kim Jong Il's escorts on his so-called on-the-spot guidance tours," said Brian Myers. "And since then, we've heard no mention of him. Whenever an official like that disappears from sight, so to speak, you can be pretty certain that a purge has taken place. And I do think that a failure of this magnitude really would call for his execution."

Last year, with no advance notice, North Korea declared its old currency worthless and limited the amount of notes its citizens could trade in for the new currency. Economists say the move destroyed the savings of millions of people who rely on small market trading for basic items like rice and corn. They say economic activity ground to a halt and food prices soared, while the new currency's value sank like a stone.

Unconfirmed reports from the intensely secretive North have described confusion, anger, and even occasional instances of rioting by disgruntled citizens. Pyongyang reportedly acknowledged the reform as a failure in a memo to its embassies abroad, and has rolled back some of the restrictions it introduced last year.

Myers says Pyongyang has executed officials in the past as scapegoats for such failures as the country's late 1990s famine. Back then, such officials were vilified in official media. Nowadays, says Myers, the North turns people like Pak Nam Ki into "non-persons."

"So I would imagine that what's happening now is that party officials are themselves spreading word of his execution at party meetings and workplaces," he said. "And this is in line with the regime's practice in the past - when it has propaganda that it wants its own people to know about, but does not want the outside world to know about, it does it through party meetings and through people speaking at workplaces and so on."

Myers says the North Korean media does not discuss the currency reform. The topic may be too delicate, because it could foster a perception the totalitarian government is willing to relent in the face of public anger.

"If the masses begin to get the idea that the regime is dancing to their tune instead of the other way around, I think that could actually lead to the people becoming even more rebellious," said Myers.

North Korea experts say Pyongyang needs markets to compensate for its failure to provide necessities to its citizens, but is unwilling to let an emerging capitalist class threaten its ironclad control.

 

[mortarmafia]

http://www.businessweek.com/news/20...-official-over-currency-debacle-update1-.html



Bloomberg
North Korea Executes Official Over Currency Debacle (Update1)
March 18, 2010, 2:23 AM EDT
More From Businessweek


By Bomi Lim

March 18 (Bloomberg) -- North Korea executed an official of the ruling party last week, holding him responsible for unrest sparked by a botched currency revaluation aimed at reasserting the regime’s grip on power, according to media reports.

Pak Nam Gi, who was fired earlier this year from his post as Workers’ Party head of finance and planning, was shot in Pyongyang for intentionally harming the country’s economy, Yonhap News reported, citing people it didn’t identify. Free North Korea Radio, run by North Korean defectors in Seoul, yesterday reported widespread rumors of the execution.

The reported execution is the latest sign of efforts by Kim Jong Il’s government to appease the public after the currency revaluation fueled inflation, worsened shortages of goods and food, and decimated savings. Premier Kim Yong Il made a rare apology after the currency was devalued between Nov. 30 and Dec. 6, and the sum that could be exchanged for new notes capped, Seoul-based rights groups including Good Friends said.

“North Korea must have needed a political scapegoat to take the fall after discontent seeped through every corner of society,” said Paik Hak Soon, director of inter-Korean relations at the Seongnam, South Korea-based Sejong Institute. “The killing may initially conciliate the public. More important is whether the government can ultimately solve the problem of goods shortages.”

Fired From Post

Pak was arrested in mid-January after being criticized at a party meeting, Yonhap said. He was fired from his post earlier this year, Chosun Ilbo newspaper reported last month.

South Korea’s Unification Ministry couldn’t confirm reports of Pak’s execution or dismissal from his post.

Pak’s last public appearance was made on Jan. 3, according to the official Korean Central News Agency, which said he accompanied leader Kim Jong Il on a visit to the construction site of a power station in Huichon.

Pak, 76, held key economic posts in North Korea including the head of a budget committee at the parliament, according to the Unification Ministry. He accompanied Kim on several overseas trips, the latest one in 2006 to China.

While the government is pinning the reform failure on Pak, North Koreans believe he is being made a scapegoat, Yonhap and Free North Korea Radio said.

Price of Rice

Rice prices jumped 70-fold since the currency devaluation, which knocked off two zeros off the face value of the old currency, according to Free North Korea Radio, which cited a North Korean in Chongjin on the east coast.

The policy change was mainly aimed at tightening the regime’s control of the economy and closing sprawling black markets. The measure, combined with a poor harvest, left the communist country faced with “severe” food shortages, special rapporteur Vitit Muntarbhorn said in a February report to the United Nations Human Rights Council.

“This failure weakens public trust in the central planning approach of the current government,” said Scott Snyder, of the New York-based Council on Foreign Relations. “This is bound to have negative ramifications for public support and for perceived legitimacy, even if it does not have immediate consequences for power and control in the regime.”

--Editors: Ben Richardson, Paul Tighe

To contact the reporter on this story: Bomi Lim in Seoul at [email protected]

To contact the editor responsible for this story: Bill Austin at [email protected]

 

[mortarmafia]

http://www.google.com/hostednews/afp/article/ALeqM5iLYRjsiLjGoLqj266nYyQURvZXCw

N.Korea official shot over currency chaos: report

By Lim Chang-Won (AFP) – 14 hours ago

SEOUL — North Korea has executed a top financial official in a desperate attempt to quell public anger at its bungled currency revaluation, South Korean news reports and analysts said Thursday.

Pak Nam-Ki, who was earlier reported sacked as chief of the ruling communist party's planning and finance department, was shot dead last week at a military range in Pyongyang, Yonhap news agency said.

Pak, 77, was charged "with ruining the national economy deliberately as the son of a big landlord who infiltrated the ranks of revolutionaries," Yonhap said, quoting sources familiar with events in the North.

But it said many North Koreans believe he was made a scapegoat for the botched revaluation, which fuelled inflation and worsened serious food shortages.

Munhwa Ilbo newspaper carried a similar story. South Korea's unification ministry and the National Intelligence Service (NIS) could not confirm the reports.

"If the report is true, it proves the regime is now desperate to placate its people," said Dongguk University professor Kim Yong-Hyun.

"The regime appeared to have needed a scapegoat," he said, recalling the case of former agriculture ministry director Seo Gwan-Hee, who was publicly executed in 1997 after being held responsible for a famine.

The North Korean won's redenomination on November 30 forced people to swap old banknotes for new ones at a rate of 100 to one, but restricted the amount that could be exchanged.

It was widely seen as another attempt to crack down on the burgeoning free-market economy, but backfired disastrously according to numerous reports.

Savings were wiped out, prices soared and distribution networks were disrupted, aggravating hunger. NIS chief Won Sei-Hoon has been quoted as saying that the revaluation sparked riots which were later suppressed.

The regime was forced to suspend its campaign to shut down private markets and the prime minister made a rare apology for the chaos.

Yonhap said the regime executed Pak as public anger had derailed a propaganda campaign to promote ailing leader Kim Jong-Il's youngest son Jong-Un as eventual successor.

"All the blame has been poured on Pak after the currency reform failure exacerbated public sentiment and had a bad effect" on the succession plan, one source was quoted as saying.

Kim, 68, suffered a stroke in August 2008. Some analysts say Pyongyang is waiting for the right moment to officially announce Jong-Un as successor.

"The reported execution of one of Kim's top economic brains reflects the regime's attempt to divert attention and ease growing public dissent," Cheong Seong-Chang, of Seoul's Sejong Institute think-tank, told AFP.

Kim had relied on Pak in pushing ahead with a series of economic reforms as part of a campaign to speed up a dynastic power succession, Cheong said.

"It also heralds a possible shift in economic policies," he said, predicting reform-minded younger technocrats may now exercise greater influence in the economic field.

Pak was one of Kim Jong-Il's close associates and frequently accompanied the leader on his trademark "field inspections" outside Pyongyang. He had not been mentioned by official media since early January.

 

[mortarmafia]

http://www.upi.com/Top_News/Interna...y-NKorea-executed-planner/UPI-94771268924509/


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Sources say N.Korea executed planner
Published: March. 18, 2010 at 11:01 AM
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SEOUL, March 18 (UPI) -- North Korea has reportedly executed the country's former director of financial planning on charges of treason, sources say.

The sources say Pak Nam-gi was executed by a firing squad in Pyongyang last week for intentionally ruining the national economy, The Korea Herald reported Thursday.

Pak is being blamed for last year's failed currency reform and growing public unrest over North Korea's faltering economy, one unnamed source is quoted as saying.

The North is reportedly describing Pak as "a landlord's son who snuck into the revolutionary ranks to intentionally wreck the economy."

the South Korean Unification Ministry says it is unable to officially confirm reports of Pak's execution.

Pak had served as Kim Jong-il's key economic aide.

 

[mortarmafia]

I nominate LKY + WKS + HO JINX + COW to face firing squad.

Pse post your nominations. :p

 

[mortarmafia]

http://news.xinhuanet.com/photo/2010-03/18/content_13198467.htm

媒体称朝鲜前财政部长因币改失败被枪决
2010年03月18日 21:37:52 　来源：环球网
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图为2009年3月，金正日视察金日成大学时，朴南基(红圈中)陪同。

图为2002年朴南基(红圈中)参观韩国最南边的济州岛。