The United States has imposed sanctions on three North Korean firms and two individuals that have attempted to generate revenue for the autocratic regime's unlawful weapons of mass destruction (WMD) and ballistic missile programs.
The companies targeted by the Department of the Treasury's Office of Foreign Assets Control (OFAC) are Chilsong Trading Corporation, Korea Paekho Trading Corporation and Congo Aconde SARL. pursuant to Executive Order (E.O.) 13687 for being agencies, instrumentalities, or controlled by the North Korean Government. OFAC also designated Hwang Kil Su and Pak Hwa Song. Song is the owner of Congo Aconde.
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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.