Global Political News

U.S. Sanctions North Korean Firms For Generating Revenue For Ballistic Missile Programs

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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by RTTNews Staff Writer

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