N. Korea Official Pak Nam-gi Reportedly Executed

March 18, 2010

N. Korea (ChattahBox) – It was unofficially announced this morning that former North Korean finance officer, Pak Nam-gi, had been executed.

Nam-gi was used as a scapegoat by the government for failed currency reform last year, an opinion held by many of the country’s people.

According to sources in South Korea, though it has not been confirmed, Nam-gi was executed last week for treason by firing squad, accused of “intentionally ruining the national economy”.

“The failure of the currency reform caused social unrest and had a negative impact on Kim Jong-il regime’s father-to-son succession, so Pyongyang blamed it all on Pak,” an anonymous source was quoted as saying.

“Pak’s case is reminiscent of Suh Gwan-hui, former Workers’ Party secretary of agriculture, who was executed during the severe famine in the 1990s.”

The government has been releasing propaganda that names Nam-gi as an enemy of the state, who “snuck into the revolutionary ranks to intentionally wreck the economy.”

Unrest came late last year, after the North suddenly shifted their currency, dropping two zeros off of the value to reassert control over the rising merchant class.

This resulted in food shortages and rising prices citizens could not pay for necessities, leading to anger threatening an uprising, and anti-regime sentiment.

The execution of Nam-gi seems to be an attempt by Kim Jong-il and his cabinet to shift the blame and regain support amidst growing anger from the people.

Source


Comments

5 Responses to “N. Korea Official Pak Nam-gi Reportedly Executed”

  1. North Korea on March 18th, 2010 2:07 pm

    North Korea is full of dipshits.

  2. Murderer of the Day: Postscript « LewRockwell.com Blog on March 19th, 2010 8:18 am

    [...] hat-tip to Edward for a news item confirming Kim Chong-il as MOTD yesterday. On March 18, Pak Nam-gi was executed by firing squad for [...]

  3. Natt Strainer on March 19th, 2010 11:42 am

    Hey – North Korea-I knew a guy name Lipschitz once, are they any relation?

  4. tolemo on March 19th, 2010 12:43 pm

    Will Bernanke be executed here in the US when his policy fails?

  5. Seth on March 19th, 2010 1:56 pm

    “Will Bernanke be executed here in the US when his policy fails?”

    Here’s a better idea… let’s just send Bernanke to North Korea now before he can do any more damage to our economy. Maybe we could even make it a package deal and include Gaithner. Not sure what we’d ask for in return. Perhaps a receipt.

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