-Caveat Lector- >From So China Morning Post <<E-Mail-able>> Via http://www.worldtribune.com/index-ea-text.html > Thursday, September 2, 1999 > > KOREA > > Church behind luxury cars deal > > ROGER DEAN DU MARS in Seoul > ------------------------------------------------------------------------ > The Unification Church has sealed a business deal with a North Korean company in > an attempt to satisfy demand in the Stalinist state for car repair facilities > and luxury European models. > > > > Having recently received the stamp of approval from the Ministry of Unification, > the church-owned Pyonghwa Motors is gearing up to spend US$300 million (HK$2.3 > billion) building a car assembly plant in Nampo, west of the capital, Pyongyang, > a ministry official said. > > The plant is expected to turn out up to 10,000 cars a year from 2002. > > Officials at Pyonghwa Motors, an affiliate of the Tongil Group founded by > Reverend Moon Sun-myong, said there was strong demand in North Korea for luxury > European cars and places to service them. > > "North Korea doesn't have enough car repair shops and places to buy quality > European vehicles," said David Yoon, deputy director of marketing and trading at > Pyonghwa Motors. > > "North Koreans say cars in the South are not strong, so they like Volvos and > Mercedes." > > Pyonghwa is preparing to assemble Italian-made Fiats, which will sell for about > US$25,000. > > "We think we have found a nice niche in the North Korean car market so we should > be able to sell 40 per cent of these cars domestically," said Mr Yoon. > > But an industry analyst in Seoul greeted news of the venture with scepticism. > > "I'm not sure what the church is thinking. They tried to build a factory in > China in 1989. That project failed and I wouldn't be surprised if this one > does." > > Mr Yoon said the factory in China failed because the Chinese Government banned > the company from selling the cars there. > > "Now we have a chance to make a car factory a real success," he said. > Published in the South China Morning Post. Copyright © 1999. All rights > reserved. A<>E<>R ~~~~~~~~~~~~~~~ The only real voyage of discovery consists not in seeking new landscapes but in having new eyes. -Marcel Proust + + + + + + + + + + + + + + + + + + + + + + + + + + + + "Believe nothing, no matter where you read it, or who said it, no matter if I have said it, unless it agrees with your own reason and your common sense." --Buddha + + + + + + + + + + + + + + + + + + + + + + + + + + + + A merely fallen enemy may rise again, but the reconciled one is truly vanquished. -Johann Christoph Schiller, German Writer (1759-1805) + + + + + + + + + + + + + + + + + + + + + + + + + + + + It is preoccupation with possessions, more than anything else, that prevents us from living freely and nobly. -Bertrand Russell + + + + + + + + + + + + + + + + + + + + + + + + + + + + "Everyone has the right...to seek, receive and impart information and ideas through any media and regardless of frontiers." Universal Declaration of Human Rights + + + + + + + + + + + + + + + + + + + + + + + + + + + + "Always do sober what you said you'd do drunk. That will teach you to keep your mouth shut." --- Ernest Hemingway + + + + + + + + + + + + + + + + + + + + + + + + + + + + Forwarded as information only; no endorsement to be presumed + + + + + + + + + + + + + + + + + + + + + + + + + + + + In accordance with Title 17 U.S.C. section 107, this material is distributed without charge or profit to those who have expressed a prior interest in receiving this type of information for non-profit research and educational purposes only. DECLARATION & DISCLAIMER ========== CTRL is a discussion and informational exchange list. Proselyzting propagandic screeds are not allowed. Substance—not soapboxing! These are sordid matters and 'conspiracy theory', with its many half-truths, misdirections and outright frauds is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRL gives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credeence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://home.ease.lsoft.com/archives/CTRL.html http:[EMAIL PROTECTED]/ ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
