Economics Grade 12 Tutorials

North Korea’s $330 Million Unpaid Bill #curiosity #mistery

In the mid-1970s, Sweden agreed to supply North Korea with around 1,000 Volvo 144 sedans. The cars were delivered, but payment never came. Decades later, the interest on the unpaid invoice has grown to hundreds of millions of dollars, making it one of the most notorious international defaults in modern history. Despite the geopolitical tension ...

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