South Korea sanctions on North Korea

South Korea has introduced new sanctions against North Korea, which impose an asset freeze on, and prohibit doing business with, 38 people and 24 entities in North Korea said to be responsible for its development of weapons of mass destruction or to have assisted North Korea, and 2 people and 6 entities outside North Korea that are said to have indirectly assisted it. These include banks, trading companies, and an atomic research centre.

South Korea previously shut down a joint venture with North Korea (see previous blog) and also introduced measures against North Korea similar to those taken by Japan, introducing an entry ban on any ship that has docked at a North Korean port in the previous 180 days (see previous blog). The Philippines last week impounded a North Korean ship in Subic Bay, saying it was enforcing the new UN sanctions on North Korea.