dollars

17 years later, it has come out with 7,000 million dollars in the pocket

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For more than 17 years, the investment firm Berkshire Hathaway led by Warren Buffett and his partner Charlie Muger, maintained one of his most profitable bets in the automobile sector: Byd, the Chinese manufacturer of electric vehicles. According to He informed Reutersin recent months the veteran investor has been undone of their shares until they sell them all, such and as confirmed CNBC. The markets have reacted sinking the value of their shares by 3.4%. Warren Buffett always wins. In 2008, few investors were interested in the future of the electric car, Berkshire acquired 225 million shares of an unknown Chinese company called byd for about 230 million dollars. The equivalent of 10% of the company. Since then, the value of that investment has fired more than 4,500% until March 2024, confirming as one of the Many investment successes of the American billionaire. With this long -term operation, the veteran investor confirms its Good eye for profitability since the 230 million would have become about 7,000 million dollars, multiplying their money in just 17 years. The impact on the byd price. However, not everything is good news in Buffett’s withdrawal from Byd’s shareholders. The news caused An immediate reaction In the markets: the value of Byd’s shares fell 3.4% in the Hong Kong Stock Exchange, in what represents its largest setback in three weeks. At the stock level, the last months have been convulsive for the electric car manufacturer, which in July carried out a unfolding shares (Stock Split) After which his price fell 16%. To that scenario, the drop in the stock market that occurred after the news of the output of a “trust” investor such as Berkshire Hathaway, chaining up to 30% fall From its annual maximum registered in May. Tranquility is what is most sought. Berkshire Hathaway’s departure from Byd has been taking shape since 2022, when the electric car war began to give its first measures, but has stepped on the accelerator as the uncertainty that surrounds the electric vehicle market in China was growing. In the context of Overproduction of the factories Chinese, and the Freezo in demand of electric cars, a scenario opens where strong competition is deriving in A price war that threatens to erode the margins of the manufacturers. Several analysts suggest that this Perspective of instability It could have been a weight factor in Berkshire’s decision to completely liquidate his position in Byd. Byd reactions. On the other hand, from the Chinese manufacturer, the movement of the Buffett company has been responded with thanks to Berkshire Hathaway and its historical leaders. According The published by BloombergLi Yunfei, general director of brand and public relations at Byd, published a message on the Chinese social network Weibo: “We are grateful to Muger and Buffett for their recognition to Byd, and for their 17 years of investment, support and company. In investment in shares, buy and sell are normal practices,” he explained trying to calm the uncertainty of the shareholders for the departure of Buffet. This message reflects the symbolic importance that Buffett had as an early investor in ByD for almost two decades. In addition, Charlie Muger played a crucial role in the Initial decision to invest in bydwhen he recommended the operation with the president of Himalayas capital, li lu. In Xataka | In his effort for not leaving fortune, Warren Buffett made a unique decision: to deny a loan to his daughter Image | Flickr (Fortune Live Media), Byd

Nvidia will invest 100,000 million dollars in OpenAI. Actually a single euro will not be spent

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Openai has signed a “strategic agreement” with Nvidia. According to this agreementNvidia “intends to invest up to 100,000 million dollars” in OpenAI gradually, but the truth is that this investment is misleading. Especially since Openai will spend those 100,000 million dollars to buy GPUS to Nvidia. Everything remains at home. What happened. These two companies have initiated the procedures to complete an agreement with a clear objective: create and display AI data centers With a joint gigantic computing capacity: 10 GW. The investment will be made gradually and will be completed “as each gigawatt” of computing capacity is installed in those Data centers. Nvidia will thus become a “computing partner and strategic connectivity” for the development plans of new data centers, says Openai. Millions of Gpus. According to Jensen Huang statementsCEO of Nvidia, that represents between four and five million gpus. Or what is the same: it is the number of units of their GPUS of ia that they expect to distribute this year, and “twice the ones we distributed last year.” The strategy “seller finances buyer”. This agreement is not a simple investment, but a strategic association in which the hardware provider invests a massive amount of money in its main client. In return that client undertakes create a mass infrastructure With supplier technology. It is nothing more than a closed cycle: Nvidia gives OpenAi money, and OpenAi uses it to buy Nvidia products. This sounds like a bubble. There is Several analysts that They speak How this remembers once again The bubble of the Puntocomwhere companies lent money to buy products from the other. That raises suspicions and questions about the long -term sustainability of these agreements. Companies becoming stronger among them. The circular agreement serves in fact to strengthen both companies and solidify their positions as dominant and indispensable actors in the AI ​​industry. In fact, this strategic alliance makes rivals like AMD or Intel very difficult. Nvidia is worth 170,000 million dollars more. The announcement caused immediate reactions in the NVIDIA assessment, whose shares increased almost 4%. The stock market capitalization of the company of Jensen Huan grew by 170,000 million dollars in that session and already touch the 4.5 billion dollars, and manages to distance itself even more from Microsoft, Apple or Google, which already exceed three billion. Long live Hype. Here once again there is a reinforcement of the speech of expectations and Hype. The confidence of these companies in the future of AI is patent, but they are interested and for now Openai’s income – no rivals – are well below spending They are doing in these technologies. Energy challenge. The plans to create infrastructure with 10 GW capacity are also astronomical. According to Some estimatesthose 10 gigawatts They are equivalent to the production of about 10 nuclear reactors, which normally provide a capacity of 1 GW per plant. A colossal cost. The current data centers range between very modest capabilities of 10 MW and other extraordinary 1 GW. Openai’s plans would leave those facilities very behind in computing capacity. In August Huang told investors to create a 1 GW data center is a cost of between 50,000 and 60,000 million dollars, of which about 35,000 are dedicated to Nvidia chips. With those figures, the total cost of those 10 GW of joint computing power would amount to more than 500,000 million dollars, a figure that – one—curiously— It coincides with that of the Project Stargate. Image | Flikr (Techcrunch) | Nvidia In Xataka | 5,000 “tokens” of my blog are being used to train an AI. I have not given my permission

Openai estimates that it will enter 200,000 million dollars in 2030. The figure, like everything in OpenAi, is extremely ambitious

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OpenAI has set a target of 200,000 million dollars for 2030, as reported The Information. Your own internal documents reveal that to achieve this you will need multiply by 13 your current income In less than five years. Why is it important. The company is burning billions per month and plans to spend 90,000 million only in R&D by 2030. This represents 45% of its projected income, well above the percentage allocated by large technological ones, which remain mostly between 15% and 30% of their gross benefit, not even their income. If Openai’s income is below the goal, that percentage will be even greater. The figures. Openai expects to move from 13,000 million income at 2024 to 200,000 million in 2030. Its R&D expenditure would be proportionally double that of the most successful technological technological ones, much more mature and settled. To achieve this, it basically depends on large companies continue to invest in generative. If there is A brake on investmenteven if that does not imply the burst of a bubble, OpenAi will have accounting problems. In addition, this projection rises up to only one semester. OpenAI has increased the expected billing by 2030 by the beginning of the year. The big question. Is a business model sustainable where almost half of the income – even the gross benefit – is destined for research and development? If business income does not rise as Openai projects, the company will have a serious problem. Yesterday it was announced Your agreement with Oracle committing to a huge investment level to which you can hardly face except that you change the screws, or to deliver a good part in kind (business use licenses), as Microsoft did with it paying in Azure credits. In Xataka | Baidu is no longer satisfied with being the Chinese Google. His new AI model also wants to turn it into China Openai Outstanding image | IlgmyzinXataka

The entrepreneur’s odyssey that bought an old cruise, spent a million dollars on its restoration and could not enjoy it

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Not all projects that dream of having their own ship come to fruition. A while ago we met The story of Clyde Stireswho built a huge yacht at home. The story of Chris Willson It is equally interesting. Unlike Stires, Willson bought an old German origin cruise and spent a fortune to restore it. After years of effort, their plans faded quickly. It all started 16 years ago when our protagonist was browsing the web and found an unusual ads: someone was selling a transatlantic that was tied in Decker Island, California. Without thinking too much, this technological entrepreneur decided to invest in the boat. After closing the acquisition in 2008, he moved his new ship to the Rio Vista to restore it. Restoration and problems Willson now had a boat with enough history. The cruise had been built by the Shipyard Blohm and Voss in 1955. Passengers were traveling from one continent to another on a boat of 72 meters of length that had 85 cabins, different rooms, gastronomic spaces and galleries. Not only stood out in his transatlantic trips, but he had also appeared in the movie ‘From Russia with Love‘by James Bond. As CNN collectsThe man baptized the ship as “Aurora” after spending his first night on board. “I woke up with one of the brightest sunrises I had seen in my life,” he said. But not everything in the project was so perfect. Willson was forced to move the ship several times while performing the restoration tasks, although it was clear that he wanted his ship to be in shallow waters. For more than a decade, Willsson and several volunteer collaborators made all kinds of works in a “artisanal” way To improve the ship. Things, however, began to change in recent years. Aurora was tied in a Californian sports port called Herman & Helen’s Marina, when some locals and local authorities began to pressure so that the ship was transferred to another place. They feared a sinking. An old dragaminas baptized as HMCS Chaleur It was in the same area for a long time and a military tug of the 1940s had recently sunk generating concerns related to environmental pollution. With an eviction order at the door, Willson evaluated the cost of taking out the ship, but needed to spend about one million dollars on river works to complete the tasks. It was simply an amount of money impossible to assume. Willson had received donations To continue with your project, partly by The popularity of your YouTube channel. The only apparent solution was to sell it with the hope that a new owner could continue with the project ahead, but things soon trucked once again. In mid -2024, the Delegation of the Sheriff of the County of San Joaquín announced that Aurora was sinking. “It has been determined that the ship has a hole,” said the authorities. In this regard, they added that there had also been a spill of diesel fuel, forced the intervention of different agencies to contain the problem. In December last year, the ship was finally towed to Mare Island, north of California. There, the cranes disassembled their steel structure piece by piece until it made it disappear. Today no longer exists: The only thing that remains is an invoice of 8.2 million dollars for the costs of scratch. The authorities do not rule out undertake legal actions to purify responsibilities and recover part of the money. Images | Sheriff delegation from San Joaquín County | Aurora Restorration Project In Xataka | Europe is so dry that its rivers are revealing all kinds of treasures. Even a Nazi army of World War II

Bad Bunny has decided not to take his tour to the United States. And so it has generated 196 million dollars for Puerto Rico

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Bad Bunny is, in all likelihood, The most important Latin artist in the world. And among its most striking characteristics is not only not having renounced its roots, but to show them: we all know that it is Portarriqueño because its music presumes its origin incessantly. And that is what has made him one of the most notable financial assets in his country, despite his international draft. An example. One of his greatest recent successes, ‘Newyol‘, it’s a Dembow that sample a song of Andy Montañez and the great combo of Puerto Ricoimportant Portive interpreters of salsa. His video clip shows scenes of the daily life of the Puerto Rican diaspora in New York and shows the statue of freedom with a country’s flag. The lyrics speak of the portorriqueña identity and its traditions. It is just another example in a discography full of winks, but very notable since THE MEME IN SOCIAL NETWORKS He ran like gunpowder, precisely, among Porician immigrants in the United States. 30 days in Puerto Rico. Aware of his power of convocation (in Spain we have also suffered it with the Deluste Fraticide fighting to get tickets For his concerts), Bad Bunny began a 30 -day residence in San Juan, capital of Puerto Rico, which will end on the 14th day before renauding his world tour of Japan and Europe. He does so to compensate that he has not entered the continental United States (many see it as a sign of protest for anti-immigration policies in the country, the artist does not comment and has described his passage through the country as “unnecessary”). Consequence: It has carapacted the tourism and cultural life of the archipelago. 200,000 visitors. They are those that are estimated that this concert will attract Puerto Rico, and at a time when he needs it: when the fertile summer season has just finished. In a The Wall Street Journal article On the subject, a series of fans of the artist talk about how concerts to travel to Puerto Rico far beyond the mere night of the event. Someone will spend six days on the island; Another is going to spend seven thousand dollars on the trip; And relevant personalities such as Alexandria Ocasio-Cortez, LeBron James, Kylian Mbappé Peélope Cruz, Javier Bardem and Jon Hamm have been seen by concerts, with what he has of media echo and advertising for the island. Money for the people. The Non -Lucrative Association Discover Puerto Rico encrypted in 196 million dollars that this flow of visitors will generate in the island’s economy, which is a considerable impulse and that Bad Bunny is perfectly conscious. First -line artists know that their performances move a very important amount of money not only around concerts themselves, but to everything that implies the experience of attending it (consumption, restaurants, hotels). What artists move. Last year, for example, There was talk of the Swiftnomicsthe economy generated by Taylor Swift in its concerts and that in 2024 came to the United States figures. Specifically, around 10,000 million dollars. Bad Bunny has decided that comparable amounts emphasize in his country of origin, which, he says what he says, gives a very special meaning to his decision to dodge the land of the United States for the second consecutive year. In Xataka | Will Smith’s last concert has resulted in enormous public success. Public made with ia

If the question is what salary the richest man in the world could have, Tesla has given an answer: 1 billion dollars

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After the judicial battle that ended with the salary bonus block of 50,000 million that Tesla had to pay Elon Musk, the electric car manufacturer has launched an order to its shareholders with a New salary proposal For its CEO: a bill bonus (European billion) if you get the company out of the crisis in which it is mired. The potential value of the salary package that Tesla has presented Before the Bag and Securities Commission, it could raise the fortune of Musk, which is currently estimated at about 435.4 billion dollars, until it became The first billionaire in history If you manage to meet all the required conditions. The salary package conditions. He New salary plan That Tesla has proposed to Elon Musk does not consist of a traditional salary or cash bonuses: the entire figure depends on the flexible delivery of actions throughout the next decade, provided that it meets certain very demanding milestones, such as reaching Total sales of 20 million additional cars. All in the context of a company plunged into A sales crisis global. The shares will be delivered by sections, instead of the end of the period as it happened with its 2018 bonus, and only if Tesla manages to multiply its stock market value until it reaches at least one capitalization of 8.5 billion dollars, starting from the billion that is currently worth in the stock market. To put this figure in context, Nvidia is technological more powerful of the momentand its capitalization is 4.05 billion dollars. It’s not just money: it’s also power in Tesla. In addition, the plan could meet the historical demand of its CEO to have More power within the company. Currently, Musk control around 12% of the actions of Tesla. However, with the new salary bonus its participation in Tesla would increase to 29%. Increase your participation to that percentage would allow Musk increase your influence direct about the company. In this way, it would have enough weight to block important decisions that would not have their approval and further reinforce their position as an essential leader. In one recent interview For the CNBC, Robyn Denholm, president of the Tesla Board of Directors, made it clear to investors to “retain and encourage Elon is essential for Tesla to become the most valuable company in history.” Without a doubt, a salary package of such a draft should be enough to motivate the richest man in the world. Termination clause and a commitment to the future. Such and as they break down in Bloomberganother of the conditions of the new salary package announced by Tesla, it is established that MUSK must remain as CEO of Tesla During, at least, the next ten years to be able to opt for the entire compensation, with a minimum of seven and a half years to unlock the first section of the remuneration. “If it yields, if it reaches the ambitious objectives of the plan, it will receive a participation: 1% for each half billion dollars of stock market capitalization, plus the operational milestones it must achieve to achieve it,” Denholm explained. On the other hand, among the operational challenges that the commercial deployment of one million is found during that time of autonomous robotaxis and of the Optimus robots with integrated Grok, multiplying by 24 the current benefits of the company. Investors will have to vote. After registering the proposal to the regulatory body of the stock market, the next step in its process is to submit the salary bonus to the vote of investors. Something that is still more than A mere formal procedure since the previous 2018 salary package was also voted on a shareholders’ meeting, and finally It was canceled by a court of Delaware for the complaint of one of the shareholders. In Xataka | The shocking thing is not that Elon Musk has lost 80,000 million dollars in 2025: others have earned 102.00 million Image | Tesla, dvids (Trevor Cokley)

OpenAi already enters 1,000 million dollars per month. They are crumbs compared to what you need to be profitable

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The launch of GPT-5 It has been rather disappointing for users at street level and has arrived accompanied by some problemssomething that has recognized the Sam AltmanCEO of OpenAi. However, it is sweeping a key sector: Companiesfor the quality of its reasoning models and its price. Not being a company that quotes in the stock market, the doubt is how much success translates into large income, and Sarah Friar, Financial Director of OpenAi has given a key fact: OpenAi has entered 1,000 million dollars in a month (July) for the first time in its history. Results as good as insufficient. Openai’s reality is that it is still early to celebrate a figure like that announced by Friar, especially when the executive recognized that artificial intelligence “right now is voracious in GPU and in a computational power.” In that sense, he affirmed that the biggest problem they face is “being constantly under computational capacity.” That is, the demand for the use of GPUs of its models is greater than the resources they have to cover it. The plan to cover your needs is clear, and Friar recalled it: “That is why we launch Stargate”, in reference to that Historical project In which partners such as Microsoft, Oracle, Nvidia and ARM participate, and in which they expect to spend 500,000 million. They expect, because There is still no single contract signedand find more sources of financing It is a huge challenge. With this financial context, the 1,000 million dollars that OpenAi already enters a month are totally insufficient. They look for solutions, but more complications arise along the way. The reality of artificial intelligence according to Sam Altman is that his demand will continue to grow, their training needs will continue to grow and spend “probably more aggressively than any company has done in something for progress.” Given this need, OpenAi seeks solutions, such as selling 6,000 million in shares with an assessment of 500,000 million dollars, after raise 40,000 million in a financing round at the end of Marchwith an assessment of 300,000 million. 18,000 million were going to dedicate themselves to the Stargate projector. The problem is that to get the last 30,000 million of that round, Openai had to become a “For-Profit” company, a path that He has recently abandoned. A problem structure of expenses. As much as Openai continues to have the confidence of large investors such as Softbank or Microsoft, the problem is that the company’s expenses are huge. Not being a quoted company we cannot know official figures, but estimates point to 8,000 million operating expenses per year (They do not count investments, infrastructure or other financial obligations). Even if it continues to enter the current rhythm (1 billion per month), in 2025 it would not go from 12,000 (the estimate they handled for this year, According to The Information). That is, only their operating expenses “eat” 66% of the operating expenses, which do not contemplate their higher volume investments. The cost scheme is very complicated, and Sam Altman came to affirm that They lost money even with chatgpt prothe subscription of 229 euros per month. And the profitability for when. According to An internal studyOpenai will lose 44,000 million dollars between 2023 and 2028, and 14,000 million only in 2026, the triple of those estimated by 2024. It will have to wait four more years, until 2029, so that the company exceeds the Break Even And I achieve The long -awaited profitability. It is something they estimate that they would get 100,000 million dollars annually. Right now, viral moments such as the generation of chatgpt ys imagesor explosion of images of Ghibli either help: “Derritate” servers with a huge cost. The good news is that Sarah Friar confirmed that they have seen acceleration in the adoption of payment subscriptions. But much remains to stop losing money. Image | Dima Solomin In Unspash, Village Global In Xataka | Google has finally revealed how much electricity and water consumes its AI. Estimates could not be more wrong

Saudi Arabia cuts 8,000 million dollars its budget

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He Neom megaprojectit has been the closest to the construction of the great pyramids that Middle East has lived. The project intended Undoil to Saudi Arabia of its dependence on fossil fuels that have supported the country during the last decades, to make it an attractive destination for investments and High purchasing power tourism. According to published Reutersthe Public Investment Fund of Saudi Arabia (PIF for the acronym in English of PUBLIC INVESTMENT FUND), which promotes these initiatives, announced a reduction of 8,000 million dollars in its budget for Neom. An 8,000 million ax. The PIF has opted for Recalibrate your investmentsprioritizing more realistic objectives and extending the deadlines for execution to relieve financial burden on the sovereign fund of the country. The very high costs of projects and complicated geoeconomic situation has forced Saudi Arabia to make an important financial adjustment that Question viability of some of the Pharaonic projects that had been planned in different parts of the country. Neom touched, but not sunk. According The published data by him Financial Timesthis cut implies a reduction of approximately 12.4% of the total value of the five key megaprojects that formed the Vision 2030 plan, with Neom as one of the most affected. The declared value of these projects went from 241,000 million riyales in 2023 to 211,000 million in 2024. That depreciation in the value is equivalent to about 8,000 million dollars, which is an important cut in investments. Oil price plays against it. The budget adjustment responds mainly to the Petroleum price drop and the accumulation of significant cost overruns in these megaprojects. CNBC He pointed outThat the value of the projects has been reduced due to delays, cost overruns in their execution and changes in the geopolitical situation of the area that have pushed down the profitability of the PIF. Mónica Malik, Chief Economist of the Abu Dhabi Commercial Bank, pointed to Reuters that “the recalibration is also important to contain the bad allocation of resources and the cost pressures of the projects”, prioritizing investments For those projects that are already committed to the organization of world events such as the football stadium that will house The Line on its roof on the occasion of the 2034 Soccer World Cup. 1,000 stroke jobs. Financial difficulties had already forced to review the scope and rhythm of development in the past. For example, in The Line HE They reduced expectations Initials 170 km long from the project, 2.7 km by 2030. In this new scissors, they will be affectedthousands of employees. Many of them have already been fired to reduce costs, while more than 1,000 workers will be relocated to the most priority projects, which will slow or put in technical break to Other projects for lack of personnel and financial resources. Reality was not as spectacular as Renders. In addition to Neom, other linked projects have shown less promising results than expected. Trojena, the ski resort that will house the 2029 Asian Games and the 2030 Winter Olympic Games, faces considerable challenges Due to the climatic conditions and the limitations of its infrastructure, generating doubts about their ability to meet the initial expectations. Another example of little interest that are provoking the infrastructure that has already ended Saudi Arabia is Sindalah, The tourist island Within the Neom Plan, showing that in addition to offering some Renders Futurists Of your projects, it is also necessary that the result be good enough to attract investors. In Xataka | An inverted and bunkerized skyscraper: the idea of Saudi Arabia to attract multimillionaire tourism Image | Neom

Now we know everything that the new North Korea resort offers for 2,000 dollars. There is only one rule: be Russian

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The first time we listened to the idea there was talk of setting up a Benidorm species North Korean version. That first outline mutated until woning already North Korea in a holiday place. The doubt since then, and more after Its inaugurationIt was knowing what attractions this resort had in one of the most isolated enclaves in the world, and what guests would go to the call. All that and something else has just known. Exclusivity and Russians. I told this week The journal wallstreet through a trip that has lasted seven days. The coastal complex by Wonsan Kalmaone of Kim Jong’s emblematic projects to exhibit an image of modernity and prosperity in North Korea, opened its doors to foreign visitors for the first timealthough very selectively: Russian citizens could only access. Conceived in 2018 and announced by the leader himself in his New Year speechthe project was inspired by leisure destinations Like Benidormwith plans for hotels of high height, casino, shopping centers and an aquatic park. According to the Official propagandait is a sample of the “policy centered in the people” and the large investments of the regime in social welfare, although satellite images show that a good part remains unfinished. Pompa and reopening. The partial reopening of borders In Februaryafter the total closure by the pandemic, it has served at the same time to strengthen cooperation political and military With Moscow, in a context in which Kim has promised Unconditional support to the Russian war against Ukraine. The Journal told that the inaugural visit of 13 Russian tourists It coincided With the arrival of Foreign Minister Serguéi Lavrov, housed in the best hotel and personally received by Kim on his private yacht. Experiences. The group of the first visitors, composed of experienced travelers and High purchasing powerhe started his tour with three days in Pyongyang before moving to Wonsan. Although the initial plan was to fly, they were redirected on a 10 -hour train trip to cover the 120 kilometers to the eastern coast, a change attributed to preparations for the preparations for the Arrival of Lavrov. Once at the resort, they met deserted beachesan extremely attentive service and disposal of the staff to satisfy any request, from preparing custom breakfasts to deliver chairs and speakers in the sand. And more. The beaches, apparently, They are segregated For premises and foreigners, the aquatic park remains closed to the latter and payments are made with recharged electronic bracelets only in dollars, euros or yuan. Prices ranged from 60 cents of a beer and the $ 465 of a model of a HWASong-17 missilewhile some activities, such as the use of aquatic motorcycles or quads, were free due to the absence of fixed rates. The visitors claimed to have enjoyed an unusual freedom to take photographs, documenting curiosities such as imported Heineken beer, war toys and buses with propaganda slogans. Of inside doors. The Arrival of Lavrov It altered the routine of the complex, which was filled with North Korean visitors apparently belonging to the elite, identifiable by its careful clothing and latest generation mobiles, something uncommon in the country. More. The hotel staff apparently showed behaviors that They surprised to tourists, such as ignoring “not disturbing” posters or reducing the temperature of hot water without consent. In a striking episode, the medium that dozens of North Koreans were equipped with swimsuits And they threw themselves into the sea next to the Russian visitors, including the group’s own guide, who did not know how to swim and spent hours clinging to one of them. Objectives and projection. What’s doubt, Wonsan Kalma It is not only an leisure center, but a propaganda instrument that the regime uses to demonstrate that it can offer luxury and recreation despite international sanctions and internal precariousness. In the domestic sphere, access to North Koreans is expected to be used as Loyalty Award Politics, reinforcing the official narrative of prosperity under the direction of Kim. The initial restriction of Russian visitors underlines the narrow tune strategic with Moscow and adds an element of exclusivity that enhances its symbolic value. In this way, experts point out that attracting international tourism in volume It will be difficultsince most travelers interested in North Korea seek their capital, their ideological monuments and military enclaves, Not a vacation on its beaches. It does not seem to import much in Pyongyang, where the regime plans to receive a second group of Russian tourists shortly, using Wonsan as a showcase of his political alliance and as an outgoing exterior. A place where the hospitality and the staging reinforce the message that, even under sanctions, North Korea can offer experiences that it intends to present as exclusive and luxurious. Image | Clay Gilliland, Heute In Xataka | North Korea has built a resort so great that it now faces another problem: find tourists to fill it In Xataka | After years with its closed borders, North Korea has opened to foreign tourism. The price: more than $ 600

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