The U.S. Department of the Treasury has imposed sanctions on the mastermind of an information technology worker scheme generating revenue for the North Korean Kim Regime.
The Treasury alleges that Song Kum Hyok, who is a malicious cyber actor linked with Pyongyang's military intelligence agency, known as the "Reconnaissance General Bureau," used foreign-hired IT workers to seek remote employment with U.S. companies and planned to split income with them.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.