South Korea Reevaluates North Korea Trade Sanctions
Unification Minister Chung Dong-young recently informed lawmakers that Seoul is reviewing its unilateral sanctions (the May 24 Measures) that have frozen cross-border trade since 2010. This review comes amid a shifting international landscape and new humanitarian exemptions from the United Nations. These sanctions were originally imposed after the 2010 sinking of the ROKS Cheonan warship. […]
UN Committee Clears Path for Humanitarian Aid to North Korea
The United Nations Security Council is reportedly set to approve exemptions to its strict sanctions regime, allowing 17 specific humanitarian projects to proceed in North Korea. According to diplomatic sources in Seoul, this move will enable international organizations like UNICEF, as well as NGOs from the United States and South Korea, to deliver essential aid. […]
US Sanctions North Korean Bankers Over Cybercrime & Money Laundering
The U.S. has imposed sanctions on North Korean bankers, financial institutions, and entities accused of laundering money from cybercrimes. This decision aims to cut off the funding sources for North Korea’s illegal nuclear weapons program. Officials state that over $3 billion has been diverted to the regime through these schemes in the past three years. […]
US Treasury Department sanctions North Korean bankers, firms
8 individuals, Korea Mangyongdae Computer Technology Company, Ryujong Credit Bank sanctioned for ‘cybercrime and information technology (IT) worker fraud’ The US added several North Korean bankers and institutions to its sanctions list, on accusations of laundering cybercrime funds. “Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned eight individuals and two […]
Australia imposes sanctions on alleged cybercriminals for funding North Korea’s weapons programs
Australia imposed financial sanctions and travel bans on four entities and one individual over allegedly engaging in cybercrime to support and fund North Korea’s weapons of mass destruction and ballistic missile programs. In a statement, Foreign Minister Penny Wong said the decision was taken in light of evidence that North Korean-linked cyber actors were involved […]
US sanctions North Korea trading company, individuals for IT worker schemes
The US Treasury Department sanctioned a North Korean trading company and three individuals for evading sanctions and generating revenue for Pyongyang through ‘fraudulent information technology worker schemes.’ The Office of Foreign Assets Control designated the Korea Sobaeksu Trading Company and three associated individuals –Kim Se Un, Jo Kyong Hun and Myong Chol Min — for […]
New Zealand targets North Korean military support for Russia with new sanctions
Wellington accuses DPRK of helping Moscow ‘sustain its illegal war of aggression,’ pledging to hold it accountable. New Zealand Foreign Minister Winston Peters has announced new sanctions on crucial enablers of Russia’s illegal war against Ukraine. This latest round of sanctions targets actors involved in Russia’s military-industrial complex, supporters from North Korea, Iran, and Belarus, […]
Chinese fishing fleets using North Korean forced labour in potential breach of sanctions, report claims
Report by Environmental Justice Foundation has found evidence that at least 12 Chinese fishing vessels had employed North Korean crew between 2019 and 2024. According to the news in The Guardian, Chinese fishing fleets are allegedly using North Korean forced labour, a potential breach of international sanctions, with workers allegedly kept at sea for up […]
South Korea Sanctions 15 Cyber Hackers Linked to North Korea’s Weapon Funding
South Korean government has announced it is imposing sanctions on 15 individuals linked to North Korea, accusing them of engaging in illegal cyber activities to steal money for the country’s weapons program. These sanctions are a response to the growing concerns over cyber theft and the role it plays in supporting North Korea’s pursuit of […]
Treasury announces new US sanctions on North Korea and Russia
The United States has hit North Korea and Russia with new sanctions targeting Pyongyang’s financial and military support for Moscow as well as its ballistic missile programme. The sanctions, which cover North Korean banks, generals and other officials, as well as Russian oil shipping companies, are the latest US measure aimed at cutting North Korea’s […]