Global Trade Alert
Global Trade Alert

Republic of Korea: Government imposes sanctions on North Korean entity

Announcement

26 Dec 2024

In December 2024, the South Korean government announced it would impose sanctions on a North Korean entity for its alleged support of the North Korean nuclear weapons program through illegal remote work schemes. 

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

30 Dec 2024

Revocation date:

No revocation date

Updated: 26 Dec 2024
Controls on credit operations In force

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 Nort...

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