In 1974, North Korea ordered 1,000 Volvo 144 sedans and other equipment from Sweden, amounting to $73 million. Despite the delivery, North Korea failed to pay, and with accrued interest, the debt has ballooned to approximately $330 million. Sweden’s national export credit agency continues to send biannual reminders to Pyongyang, though no payments have been made since 1989. These Volvos became a common sight in Pyongyang, often used as taxis, symbolizing this unresolved financial dispute. | Hist

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