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Kim Jong-un
Asia

Kim Jong-un skirts UN ban with luxury yacht

North Korean leader pictured next to multimillion-dollar vessel despite UN sanctions on sales of exclusive goods

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This KCNA photo shows Kim Jong-un inspecting the fishery station at Wonsan on North Korea's east coast last month. The luxury yacht, circled in green by NK News, is seen in the background.
Julian Ryall

The incongruous appearance of a multimillion-dollar yacht at a North Korean fishery station is being cited as evidence that Kim Jong-un has inherited his late father's taste for the trappings of wealth, and that he's found a way to get around UN sanctions to satisfy them.

Spotted in the background of photos of Kim published by the state-run KCNA news agency, the vessel was identified by the NK News web site on Tuesday as a 29-metre Princess 95MY.

Built by British-based Princess Yachts, the 95MY is a slightly earlier version of the 98MY that the company presently sells for US$8.7 million - but is no less sumptuous. Secondhand versions of the 95MY go for up to US$7 million.

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The vessel has four double berths, three with en-suite bathrooms, as well as accommodation for at least three other passengers. Princess PR images show leather sofas, a flat-screen television, discreet lighting and a dining table large enough to seat eight people.

The company's brochure describes the yacht - which has a cocktail bar - as "astonishingly graceful".

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Kim's father, Kim Jong-il, was thwarted in his attempts to purchase luxury yachts as a result of the 2006 UN Security Council decision - Resolution 1718 - to ban the sale of luxury goods to North Korea.

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