The Unknown Oligarch Fighting for an Endless Korean War

Illustration by Ryan Inzana.

To President Moon Jae In and the US Congress: True peace Can Only Come from True Freedom,” flashed the three-story-high digital advertisement in Times Square. “Hold the North Korean Regime Accountable & Free the North Korean People.” Rolling across the screen, the text continued, “H.R. 3446 and H.R. 826 Benefit North Korea and China. If Passed, the Bill Will Ultimately Dismantle the UN Command and Remove US Troops from S. Korea,” before ending next to the photo of a mushroom cloud.

Connecting the two House bills to such apocalyptic imagery last September was decidedly hyperbolic. HR 3446, the Peace on the Korean Peninsula Act, merely calls for the US secretary of state to “pursue serious, urgent diplomatic engagement with North Korea and South Korea in pursuit of a binding peace agreement constituting a formal and final end to the state of war between North Korea, South Korea, and the United States.” HR 826, the Divided Family Reunification Act, would require the US government to prioritize reuniting Korean Americans with family members separated after the signing of the armistice agreement in 1953, including through potential video reunions.

The opposition to these bills and the attacks against the grassroots activists who support them—many of whom are Korean American—have been led by a network of pressure groups with deep pockets, including a partnership with one of the biggest conservative political organizations in America; financial interests tied to fanning the flames of great-power competition with China; and media outlets that have amplified outlandish conspiracy theories about North Korean and Chinese interference in South Korean and US elections. Yet while this network might seem broad and disparate, a close examination of the efforts opposing diplomatic initiatives with North Korea circles back to one individual who rarely speaks or appears in public: Annie M.H. Chan, a resident of Honolulu.

According to a corporate profile, Chan “developed real estate projects in excess of $1 billion in California and Hawaii.” She and her then-husband, Fred Chan, sold their 25,500-square-foot Los Altos Hills, Calif., home for $100 million in 2011, and two private foundations controlled by Chan—the Chan Family Foundation and the Everlasting Private Foundation—held a combined $18,664,694 in assets at the end of 2020.


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