Economic, Business & Financial industry :: World finance

Kim jongun has executed 340 people in five years for crimes including drinking and slouching

NORTH Korean dictator Kim Jong-un has executed 340 people since coming to power in 2011, a shocking new report reveals.

Of those killed, nearly half were senior officers in his own government, military and the ruling Korean Workers Party, The Sun reports.

The brutal punishments were for crimes including having a bad attitude, treachery and slouching in a meeting.

The Institute for National Security Strategy, a South Korean think tank, released The misgoverning of Kim Jong-uns five years in power on Thursday, detailing how he uses executions to tighten his grip on power.

RAND Corporation Senior Defence Analyst Bruce Bennett told CNN Kim had shown an extreme level of brutality and ruthlessness since 2011.

In the five years he has served as leader of North Korea, he has purged (his) Defence Minister five times, while his father changed his only three times in his 17 years ... and two of those changes were because (they) died of old age, he said.

News of Kims brutal executions have leaked out of the rogue state over the past five years.

Earlier this year, the countrys top schools official Kim Jong-in was executed by firing squad after he exercised a bad attitude at the countrys Supreme Peoples Assembly in June.

In May 2015, Kim had defence minister Hyon Yong-Chol killed with an anti-aircraft gun at a military school in Pyongyang, in front of an audience.

(It) would have torn his body apart, Dr Bennett said. And of course Kim made sure the Defence Ministers family was there to see the execution.

Two years earlier, in 2013, Kims own uncle Jang Song-Thaek was executed for trying to overthrow the government. It was reported at the time stripped naked and fed to a pack of hungry dogs.

Deputy Public Security Minister O Sang-hon a known ally of the deceased Jang was later burned to death by a flamethrower.

The execution was reportedly for following Jangs instructions and turning their governmental department into a protection racket.

A vice minister of the army was executed with a mortar round for reportedly drinking and carousing during the official mourning period after Kim Jong-ils death in December 2011.

Kim ordered no trace of him left behind, down to his hair, according to sources in Seoul, South Korea.

The despot also ordered the killing of Ri Yong-jin, a boss in the education ministry, after he made the fatal mistake of nodding off as the glorious leader spoke

This story originally appeared in The Sun and has been republished here with permission.

In an era of uncontrolled proliferation with more fingers on the button than ever before, is a major human and environmental disaster becoming inevitable?

Smaller super balances are adequate to retire comfortably on

CLAIMS Australians need at least $1 million in superannuation to live a comfortable retirement are misleading and much smaller balances should be enough, experts say.

Industry experts have taken issue with claims Australians must have seven-digit super balances once they stop working to live a financially comfortable existence.

HOW do you make as much superannuation as possible?

The Australian Institute of Superannuation Trustees has today released the paper,

Busting the $1 Million Retirement Myth which quashes arguably Australias foremost authority on superannuation Jeremy Coopers view that Australians need $1 million in their retirement kitties.

AIST chief executive officer Tom Garcia said the core problem with these calculations was that industry commentators failed to consider the important role the age pension played in boosting retirement income levels.

Most Australians, including most of those starting out in the workforce today, will not retire with the equivalent of $1 million in super,’ he said.

We need to stop focusing on the needs of a privileged few and start talking about how relatively small balances of super can still make a big difference to the quality of life in retirement.

Most people approaching retirement will draw an income that is a combination of both super and the age pension.

The paper found Australians with a retirement balance of $150,000 would receive an additional $163 week from it, on top of the age pension.

The paper also found for a person who spends their entire working life earning about $80,000 per year and stashed about 12 per cent of their wage could expect to retire with about $550,000 in super savings.

This would provide a single homeowner with an adequate retirement income of $31,000 to $40,000 a year depending on the drawdown rate chosen.

Under the new Age Pension asset test and taper rate which begins in 2017, singles approaching retirement with super balances of between $100,000 to $150,000 could expect to receive close to the full pension.

Australian Super chief executive officer Ian Silk said Australians were confused about what they actually needed to have a happy retirement.

The combination of age pension and an income stream taken even from a relatively modest super balance of $100,000 will boost a retirees weekly income by $110, enough to meet the modest retirement standard, he said.

The Association of Superannuation Funds of Australias retirement standard showed a couple aged 65 would need $58,400 each year to live a comfortable lifestyle after retirement.

Singles would need about $42,600.