N. Korea to cash out on satellite launch
North Korea is preparing to launch a satellite to mark Kim Ir Sen’s centennial anniversary, Interfax cites South Korean officials as saying. The price of the launch will be equal to 4.75 million tons of rice.
“According to South Korean officials, the launch of an Earth observation satellite will cost North Korea $850 million. It is equal to the February market price of 1.41 million tons of rice,” Japanese media say.
Another $2 billion will be additionally spent on celebrations to mark the 100th birthday of the country’s founder and Father of the Nation.
South Korean officials estimated the overall expenses of planned festivities to be comparable to the price of 4.75 million tons of rice – all this amid on and off food shortages the country has been experiencing.