South Korea has decided to impose additional sanctions on 8 people and 7 organizations involved in North Korea’s nuclear weapons and ballistic missile program.
While North Korea’s successive missile tests last month increased security concerns in and around the Korean Peninsula, additional sanctions were imposed on Pyongyang from Seoul. The South Korean government has decided to impose additional sanctions on 8 people and 7 organizations involved in North Korea’s nuclear weapons and ballistic missile program. In the statement made by the South Korean Ministry of Foreign Affairs, it was reported that the additional sanction decision covers officials in financial institutions that have relations with Pyongyang’s nuclear weapons and missile programs, and individuals and organizations engaged in illegal ship-to-ship transfer activities.
BANKS
ARE TARGET It has been learned that the people targeted by the new sanctions are 6 North Koreans, Singaporean Kwak Kee Seng and Taiwanese Chen Shih Huan, who are working at North Korea Foreign Trade Bank, Korea Daesong Bank and Kumgang Group Bank. In addition, 4 North Korea-based trade and shipping companies and 3 Singapore-based shipping companies were also included in the sanctions. It has been learned that the assets of individuals and organizations that are the target of sanctions will be frozen. It was noteworthy that Seoul’s latest decision came after Washington added North Korean officials Jon Il-ho, Kim Su-gil and Yu Jin linked to Pyongyang’s weapons program to its Sanctions list.
63 BALLISTIC MISSILE FIRED On the other hand, North Korea
, which has accelerated its weapons program again, has launched 63 ballistic missiles since the beginning of this year.
