The deal to sell the Tokyo headquarters of Chongryun to Harvest, an investment advisory firm headed by an ex-chief of the Public Security Intelligence Agency, will probably fail because the buyer can't get the money to buy the pro-Pyongyang group's premises, sources said Wednesday.
Harvest, whose president is Shigetake Ogata, former agency director general, is having trouble raising the funds to buy the 2,390 sq. meters of land and 10-story office building belonging to the General Association of Korean Residents in Japan after the deal was revealed, the sources said.
The Public Security Intelligence Agency monitors groups for subversive activities, including Chongryun and Aum Shinrikyo.