http://www.nkeconwatch.com/2008/02/24/north-korean-embassies-having-business-problems/ News and analysis of the North Korean economy Thu, 28 Aug 2008 01:22:28 +0000 http://wordpress.org/?v=2.3.2 http://www.nkeconwatch.com/2008/02/24/north-korean-embassies-having-business-problems/#comment-49142 North Korean Economy Watch » Blog Archive » Former DPRK embassy to become hotel Fri, 04 Apr 2008 16:20:18 +0000 http://www.nkeconwatch.com/2008/02/24/north-korean-embassies-having-business-problems/#comment-49142 [...] As has been chronicled before on this website, North Korean embassies generally secure their own  operating funds.  Although this might seem odd to western observers, it is an innovative model that has its benefits (i.e. the embassies earn a profit and economic considerations play a large role in determining whether an embassy is worth the cost).  There is also a downside to this model, and that is that more than one North Korean diplomat has been caught in some sort of shady smuggling or tax avoidance scheme. [...] […] As has been chronicled before on this website, North Korean embassies generally secure their own  operating funds.  Although this might seem odd to western observers, it is an innovative model that has its benefits (i.e. the embassies earn a profit and economic considerations play a large role in determining whether an embassy is worth the cost).  There is also a downside to this model, and that is that more than one North Korean diplomat has been caught in some sort of shady smuggling or tax avoidance scheme. […]

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