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Global Trade Alert

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Republic of Korea: Government imposes sanctions on North Korean entity

Description

On 26 December 2024, the South Korean government announced it would impose sanctions on the North Korean Kumjong Economic Information Technology Exchange Company for its alleged support of the North K...

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Intervention Details

Intervention Type

Controls on credit operations

MAST Chapter

Capital control measures

Implementation date

30 Dec 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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