14 Nov '11, 12pm

North Korea 'opens luxury goods store' to bolster loyalty (via ST iPhone App)

North Korea 'opens luxury goods store' to bolster loyalty (via ST iPhone App)

North Korea has opened a department store in its capital named Potongkang in February, selling imported high-end brands such as Chanel (above) and Giorgio Armani as well as medicine, furniture and foods. -- PHOTO: CHANEL SEOUL (AFP) - North Korea has opened a department store in its capital offering luxury goods for the ruling elite to try to bolster loyalty before a second dynastic succession, officials and reports said on Monday. The store named Potongkang opened in February, selling imported high-end brands such as Chanel and Giorgio Armani as well as medicine, furniture and foods, a South Korean government official said on condition of anonymity. The store forms part of the isolated North's project to give its showpiece capital a facelift, even though much of the country suffers severe food shortages. United Nations agencies say a quarter of the population urgently nee...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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