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Global Trade Alert

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Republic of Korea: Government imposes sanctions on entities from Hong Kong and Russia for alleged involvement in illegal transporting of North Korean-produced iron ore

Description

On 10 April 2025, the South Korean government imposed sanctions on Hong Kong-based company Xiang Rui Shipping Co Ltd for the alleged illegal transporting of North Korean-produced iron ore. The target...

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Intervention Details

Intervention Type

Controls on credit operations

MAST Chapter

Capital control measures

Implementation date

10 Apr 2025

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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