So...Who Will Pay Kim Jong-Un's Hotel Bill?
Travel plans for the summit between US President Donald Trump and North Korean Leader Kim Jong-Un are almost all ironed out. The date is set (June 12). The country has been selected (Singapore). And we even know how the two leaders will fly to the historic meeting.
Virtually the only planning detail that remains to be locked in for first-ever summit between a US president and a North Korean leader is a bit of an uncomfortable one: Who will pay for North Korean leader Kim Jong-Un's hotel bill?
Though proud and extremely rigid with diplomatic protocol, North Korea is more than a little cash poor. So much so that the hermit nation, under heavy economic sanctions, will need another entity to cover its room and board costs in Singapore.
"Historically, North Korean diplomats have relied on (the) largesse of partners when they travel, in stark contrast to the official policy of maintaining independence," Scott Snyder, a Senior Fellow for Korea Studies at the Council on Foreign Relations, told TPG in an email.
Kim, who did not travel internationally during his first five years in power, made his first international trip earlier this year — which was likely funded by third-party resources. "Kim took his own plane to Dalian [China] last month for the first time," Snyder said, noting that both Kim's father and grandfather who ruled before him had a strict train-only international travel policy. "It is likely that hotel costs for both of Kim's initial forays to China (Beijing and Dalian) were picked up by Beijing."
Though they have cash issues, the North Korean officials' tastes aren't cheap. For the summit, Kim Jong-Un would reportedly prefer to stay at The Fullerton hotel, which according to its website is a 400-room "grand neoclassical landmark built in 1928" on the banks of the Singapore River and charges more than $6,000 per night for one presidential suite.

Two people familiar with the summit logistics told The Washington Post that the US is open to covering the costs of the Pyongyang delegation's stay, but there is potential for the North Koreans to find that insulting. So US diplomats are reportedly considering whether to ask Singapore to pony up for the bill.
According to the Post's two sources, Singapore officials were informed that the US could be asking them to cover the cost of the North Koreans' hotel stay in the island city-state. It seems that Singapore officials are open to that possibility.
"It is a cost that we're willing to bear to play a small part in this historic meeting," Singaporean Defense Minister Ng Eng Hen told reporters on Saturday.
The US State Department told the Post that it would not be footing the bill for Kim Jong-Un's hotel, nor was the White House "asking others to do so." TPG reached out to the State Department for more information, but we were referred to the White House, who could not be immediately reached for comment.
Pyongyang, who has relied on this type of behind-the-scenes travel assistance dating back to the Cold War when it received such financial aid from Moscow and Beijing, according to Snyder, has also made more recent lavish travel demands.
For the 2018 Winter Olympics held in Pyeongchang, the North Korean delegation was able to negotiate $2.6 million for its travel and lodging costs from South Korea. Additionally, North Korea's 22 participating athletes had their travel expenses covered by the International Olympic Committee.
According to Snyder, the summit's hotel bill conundrum could have a large impact on tinting the overall negotiations.
"If you don't pay your own way to the talks, it drastically reduces the chance that you will feel an obligation to reciprocate other concessions made by adversaries in negotiations," he notes.
TPG featured card
Rewards
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month
Rewards Rate
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro Offer
Earn 200K miles when you spend $30K in the first 3 months, and an additional 200K miles when you spend $150K in the first 6 monthsLIMITED-TIME OFFER: Earn up to 400K bonus milesAnnual Fee
$395Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.740-850Excellent
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month

