The US, Japan and South Korea have imposed fresh sanctions on North Korean individuals and entities in response to Pyongyang’s recent slew of missile tests.
The US on Thursday blocked any assets of three North Korean officials in the US, a largely symbolic step against an isolated country that has defied international pressure over its weapons programs.
The US Department of the Treasury also threatened sanctions against anyone who conducts transactions with North Korean Lieutenant General Jon Il-ho, Workers’ Party of Korea munitions industry department head Yu Jin and North Korean army general political bureau head Kim Su-gil, who were identified as directly involved in weapons development.
Photo: REUTERS
North Korean missile launches since September, including the test of an intercontinental ballistic missile with the range to hit the US mainland, “pose grave security risks to the region and entire world,” US Secretary of State Antony Blinken said in a statement.
The sanctions “underscore our sustained resolve to promote accountability in response to Pyongyang’s pace, scale and scope of ballistic missile launches.”
The action was taken in coordination with US allies South Korea and Japan, Blinken said, adding that the EU in April issued similar designations of the three officials.
Photo: EPA-EFE
Tokyo and Seoul yesterday also announced new sanctions.
South Korea said it would target eight individuals, including a Taiwanese and a Singaporean national.
They have “contributed to North Korea’s nuclear and missile development and evasion of [pre-existing] sanctions,” the South Korean Ministry of Foreign Affairs said in a statement.
All are already subject to US sanctions, the ministry said, adding that South Korea’s new restrictions are expected to “alert the domestic and international community of the risks of transactions with these entities.”
Japan said that in response to Pyongyang’s “provocative acts,” it was freezing the assets of three North Korean companies — Korea Haegumgang Trading Corp, Korea Namgang Trading Corp and Lazarus Group — and one person, Kim Su-il.
The US has voiced frustration that China, North Korea’s closest ally, and Russia have blocked efforts at the UN Security Council to impose tougher sanctions.
The combined effect of the monsoon, the outer rim of Typhoon Fengshen and a low-pressure system is expected to bring significant rainfall this week to various parts of the nation, the Central Weather Administration (CWA) said. The heaviest rain is expected to occur today and tomorrow, with torrential rain expected in Keelung’s north coast, Yilan and the mountainous regions of Taipei and New Taipei City, the CWA said. Rivers could rise rapidly, and residents should stay away from riverbanks and avoid going to the mountains or engaging in water activities, it said. Scattered showers are expected today in central and
COOPERATION: Taiwan is aligning closely with US strategic objectives on various matters, including China’s rare earths restrictions, the Ministry of Foreign Affairs said Taiwan could deal with China’s tightened export controls on rare earth metals by turning to “urban mining,” a researcher said yesterday. Rare earth metals, which are used in semiconductors and other electronic components, could be recovered from industrial or electronic waste to reduce reliance on imports, National Cheng Kung University Department of Resources Engineering professor Lee Cheng-han (李政翰) said. Despite their name, rare earth elements are not actually rare — their abundance in the Earth’s crust is relatively high, but they are dispersed, making extraction and refining energy-intensive and environmentally damaging, he said, adding that many countries have opted to
FORCED LABOR: A US court listed three Taiwanese and nine firms based in Taiwan in its indictment, with eight of the companies registered at the same address Nine companies registered in Taiwan, as well as three Taiwanese, on Tuesday were named by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) as Specially Designated Nationals (SDNs) as a result of a US federal court indictment. The indictment unsealed at the federal court in Brooklyn, New York, said that Chen Zhi (陳志), a dual Cambodian-British national, is being indicted for fraud conspiracy, money laundering and overseeing Prince Holding Group’s forced-labor scam camps in Cambodia. At its peak, the company allegedly made US$30 million per day, court documents showed. The US government has seized Chen’s noncustodial wallet, which contains
SUPPLY CHAIN: Taiwan’s advantages in the drone industry include rapid production capacity that is independent of Chinese-made parts, the economic ministry said The Executive Yuan yesterday approved plans to invest NT$44.2 billion (US$1.44 billion) into domestic production of uncrewed aerial vehicles over the next six years, bringing Taiwan’s output value to more than NT$40 billion by 2030 and making the nation Asia’s democratic hub for the drone supply chain. The proposed budget has NT$33.8 billion in new allocations and NT$10.43 billion in existing funds, the Ministry of Economic Affairs said. Under the new development program, the public sector would purchase nearly 100,000 drones, of which 50,898 would be for civil and government use, while 48,750 would be for national defense, it said. The Ministry of