The Power Within: The Kyiv Independent’s first-ever magazine. Be among the first to get it.

pre-order now
Skip to content
Edit post

Putin gifted Kim Russian-made luxury car made by company that uses South Korean parts, Reuters says

by Nate Ostiller June 28, 2024 2:26 PM 1 min read
Russian President Vladimir Putin (2R) presents an Aurus car to North Korea's leader Kim Jong Un (L) in Pyongyang, North Korea, on June 19, 2024. (Gavril Grigorov/Pool/AFP via Getty Images)
This audio is created with AI assistance

Russian President Vladimir Putin gifted North Korean leader Kim Jong Un a luxury Russian-made car that was produced by a company that imports millions of dollars of South Korean components, Reuters said on June 28.

Photos of the two leaders driving around the North Korean capital of Pyongyang in the car during Putin's visit earlier in June were widely distributed.

Aurus, the luxury car company in question, imported at least $34 million in South Korean parts between 2018 and 2023, according to customs data seen by Reuters.

Kim has characterized South Korea as the country's "primary foe."

Aurus also imports parts from China, India, Turkey, and the EU.

An official at the South Korean industrial equipment producer Kyungki Industrial Co. confirmed to Reuters that it had supplied parts to Aurus and will "continue to do so," adding that the company is "not concerned about any potential sanctions."

Putin has gifted Kim two cars made by Aurus.

‘Rather desperate’ – 5 key takeaways from Putin’s North Korea visit
Russian President Vladimir Putin and North Korean dictator Kim Jong-Un cemented their growing relationship on June 19, with a parade, a pact and a carefully stage-managed drive in a brand new limousine in Pyongyang. Kim described Putin as the “dearest friend of the Korean people” and said his count…

News Feed

5:15 PM

Alexander Vindman: Trump repeats past US mistakes with Russia.

Alexander Vindman served as the director of European affairs for the United States National Security Council in 2018-2020, during U.S. President Donald Trump's first administration. The Kyiv Independent's Kate Tsurkan sits down with Vindman to discuss how Washington has historically misjudged Russia, "succumbing to hopes and fears," and why there is no real prospect of peace between Ukraine and Russia now.
12:24 PM

Ukraine receives $400 million tranche from IMF.

The funds represent the latest tranche of the Extended Fund Facility (EFF) program, which will provide Kyiv with $15.6 billion in budget support over four years. With the additional $400 million in funding, the program has now distributed $10.1 billion in financing to Ukraine.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.