| in Did You Know Facts
North Korea owes Volvo a 45-year-old debt.
Following the Korean War, North Korea sought to portray itself as a paradise, embarking on big engineering projects with Western-purchased technology. Sweden was one of the first countries to jump on the bandwagon and establish financial ties. The residents of paradise required expensive automobiles to go around in, so they bought 1000 Volvo 144GL luxury cars from Sweden in the 1970s. The first of them arrived in 1974. Soon after, it became evident that North Korea was unable or unwilling to pay for these cars. Instead, it was simply letting the expenses pile up, and the debt persists to this day. In classic Swedish form, they simply kept delivering invoices despite the fact that they knew there was nothing they could do. As a resu