South Korea has sanctioned 20 North Korean entities and 12 individuals in response to North Korea’s recent ballistic missile launch on 29 November (list yet to be published). The sanctions, which came into effect today, involve asset freezes and prohibitions on South Korean entities and individuals from transacting with those on the list. It is reported that Rason International Commercial Bank, Korea Industrial Group and Daebong Shipping Company are amongst the sanctioned entities.
These measures come a month after South Korea imposed unilateral sanctions against 18 North Korean individuals for alleged financial links with the state’s nuclear and ballistic missile programmes (see previous blog here).
Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...See profile for Michael O'Kane >