North Korea offers Thailand 100 million dollar loan

What could it be for? How about mass transit.

SEOUL, March 14 (Yonhap) — North Korea has offered a US$100 million loan to Thailand for its mass transit systems despite the deepening economic woes of the impoverished North that depends heavily on international handouts to feed its hungry people, a U.S. source here said Friday.

The amount offered by the communist North could not be independently confirmed, but Thailand’s Transportation Minister Santi Prompat last week confirmed there was a loan offer from Pyongyang, according to the Bangkok Post, an English newspaper circulated in the Thai capital.

The Bangkok Post article can be found here.

Anyone besides me and GI at ROK Drop find this loan insane? North Korea is dependent on international aid to feed its population. Another famine, maybe one as bad as the one over ten years ago, could result in a couple million North Koreans starving to death.

On the other hand Thailand better take a close look at that money being loaned them. North Korea is known to counterfeit US currency.

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