Special to WorldTribune.com

By Lee Jong-Heon, East-Asia-Intel.com

SEOUL — The defection of a senior North Korean banking official who managed slush funds for leader Kim Jong-Un was prompted by the fear of being purged, sources and analysts here said.

Yun Tae-Hyong, the chief representative of the North’s Korea Daesong Bank, was on the run in remote eastern Russia and seeking asylum in a third country.

The execution of Kim’s powerful uncle, Jang Song-Thaek, who controlled the country’s foreign currency-winning projects, fueled paranoia among elite officials who previously considered their positions secure, according to South Korea’s JoongAng Ilbo newspaper.

Yun disappeared in Nakhodka in the Russian Far East in late August, carrying with him $5 million of “revolutionary funds” for Kim, the daily said, citing a “key source” in Seoul.

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  Daesong Bank, Jang Song-Thaek, N. Korean banking official takes $5 million in ‘revolutionary funds’ and runs, Senior banking official takes $5 million in ‘revolutionary funds’ and runs, Yun Tae-Hyong