Foreign Property News | Posted by Aye Myat Thu
TO HEAR President Trump talk about it, Club Med may someday be opening in North Korea.
“Kim Jong Un understands the unbelievable economic potential that country has,” the president said of the North Korean dictator when in Japan last weekend.
“It’s located between Russia and China, on one side, and South Korea on the other.
And it’s all waterfront property. It’s a great location, as we used to say in the real estate business.
And I think he sees that.” Mr. Trump has steadfastly expressed confidence in Mr. Kim ever since their first meeting in Singapore and the exchange of what the White House called “love letters.”
He added in Japan, “A lot of good things are happening.”
Perhaps Mr. Trump is playing good cop here, attempting to keep Mr. Kim from going back to ballistic missile and nuclear weapons tests like those that escalated tensions during the “fire and fury” phase of Mr. Trump’s previous “maximum pressure” campaign.
Mr. Trump’s words may be clumsy, and probably do not deter Mr. Kim from building new weapons, but the halt in testing is a worthy interim goal on the way to limiting the threat of North Korea’s weapons over the long term.
But Mr. Trump should not take the waterfront fantasy too far.
Recent reports reflect what the world has known about North Korea for a long time: For most of its people, this is a pitiless regime, a police state in which not just the famished population but the relatively pampered elite have reason to be terrified.
According to a leading South Korean newspaper, Mr. Kim sent his top negotiator with the United States to a firing squad after a second, failed summit with Mr. Trump in Hanoi; if true, an appalling act of brutality.
Ref: Property Report
