Chongryon Headquarters purchased by religious organisation
*Update: Chief Priest Ekan Ikeguchi of Buddhist temple Saifukuji announced at a press conference on May 10 that he can no longer purchase the building as the temple was unable to obtain financing. As a result, he will lose his 500 million Yen deposit and be banned from bidding on the building when it goes up for auction again this summer.*
A Kagoshima-based religious organisation made the highest bid to purchase the Chongryon Headquarters / North Korean Embassy in Tokyo's Chiyoda-ku. Saifukuji - a part of the Shingon Buddhism sect - bid 4.519 billion Yen (48 million USD) for the property.Read more