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.

This entry was posted in North Korea by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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