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Korea Screws the World (not just you)

 
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Jandar



Joined: 11 Jun 2008

PostPosted: Thu Jul 03, 2008 8:11 pm    Post subject: Korea Screws the World (not just you) Reply with quote

Korea's U.N. tab accumulating, again


Despite the Seoul government's pledge to become a "responsible" U.N. member, Korea's debt to the world body are fast accumulating, government officials said.

With a vast expansion of the costly U.N. peacekeeping operations each year, Korea's arrears to the United Nations are estimated to reach approximately $56.8 million at the end of this year, the officials said.

On the occasion of the Seoul visit by U.N. Secretary-General Ban Ki-moon, it is anticipated that Korea's failure to keep up with its mushrooming U.N. payments will take top priority again, they said. Ban arrived in Seoul yesterday for a four-day stay, which will include meetings with President Lee Myung-bak.

Korea's U.N. debt reached a critical level in 2005 - nearly $100 million - and rose to $100.1 million by 2006. Ban, who was campaigning to become U.N. chief at the time, often faced criticism that his home country was seriously indebted to the United Nations.

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TheUrbanMyth



Joined: 28 Jan 2003
Location: Retired

PostPosted: Thu Jul 03, 2008 8:53 pm    Post subject: Reply with quote

Seeing as how the U.S owns $1.3 billion (according to wiki) I wouldn't be worrying too much about a (by comparision) measly $56.8 million.

The U.N. has always had problems with members not paying...Korea is hardly unique or even the biggest debtor.


Last edited by TheUrbanMyth on Thu Jul 03, 2008 8:58 pm; edited 1 time in total
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spliff



Joined: 19 Jan 2004
Location: Khon Kaen, Thailand

PostPosted: Thu Jul 03, 2008 8:58 pm    Post subject: Reply with quote

Yes...but turtle bay is IN the US,
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Kuros



Joined: 27 Apr 2004

PostPosted: Thu Jul 03, 2008 9:12 pm    Post subject: Reply with quote

TheUrbanMyth wrote:
Seeing as how the U.S owns $1.3 billion (according to wiki) I wouldn't be worrying too much about a (by comparision) measly $56.8 million.

The U.N. has always had problems with members not paying...Korea is hardly unique or even the biggest debtor.


Beat me to it.

Yeah, the US owed a lot before Sept. 11th, then paid up soon thereafter. Looks like the US thinks it hasn't gotten its money worth and has let its fees lapse. Anyway, its a terrible habit.
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nautilus



Joined: 26 Nov 2005
Location: Je jump, Tu jump, oui jump!

PostPosted: Thu Jul 03, 2008 11:08 pm    Post subject: Reply with quote

Why give the UN more cash?

They are doing nothing to resolve the world's crises.


The UN is known as "the Golden Goose" by its employees, btw. ie they get all sorts of benefits, air tickets and money for basically doing nothing.
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Kuros



Joined: 27 Apr 2004

PostPosted: Thu Jul 03, 2008 11:11 pm    Post subject: Reply with quote

nautilus wrote:
Why give the UN more cash?


Because the US uses their services? You don't like the service, you don't pay, but neither do you stay.
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