SEOUL, Oct. 19 (Korea Bizwire) — South Korea has no choice but to seek “powerful” sanctions against North Korea and Russia if Moscow provides military technology to Pyongyang in return for a suspected supply of North Korean weapons to Russia, Seoul’s point man on Pyongyang has said. The United States said last week that North [...]
WASHINGTON, Sept. 20 (Korea Bizwire) — Two U.S. lawmakers have introduced a bill calling for the expansion of sanctions against North Korea’s support for Russia’s war in Ukraine, a congressional website showed Wednesday. On Monday, Reps. Gerry Connolly (D-VA) and Joe Wilson (R-SC) introduced the bill, entitled “To provide for the imposition of sanctions with [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korea’s top diplomat hinted Friday that Seoul could potentially impose unilateral sanctions against Moscow amid a recent summit between North Korea and Russia that has prompted concerns of military cooperation between the two countries. “North Korea reaching any agreement related to arms trade with Russia through their summit [...]
SEOUL, Feb. 11 (Korea Bizwire) — South Korea on Friday announced its first independent sanctions on North Korea in response to Pyongyang’s cryptocurrency theft and other illicit cyber activities. South Korea has decided to impose its own sanctions on four North Korean tech experts and seven organizations under the Reconnaissance General Bureau (RGB), the country’s [...]
SEOUL, March 7 (Korea Bizwire) — South Korea said Monday it plans to suspend transactions with Russia’s central bank, sovereign wealth funds and another Russian lender as it has joined the global move to impose more financial sanctions against Moscow over its invasion of Ukraine. The government said it will end transactions with the Central [...]
SEOUL, March 3 (Korea Bizwire) — Major cryptocurrency exchanges in South Korea have blocked IP addresses from Russia in an effort to join global sanctions against Moscow over its invasion of Ukraine. Upbit, the country’s largest cryptocurrency exchange by transaction, announced Thursday withdrawal requests from Russian IP addresses could be rejected. “We’ve blocked subscriptions by [...]
BOSTON, March 1 (Korea Bizwire) — TIS, a global leader in enterprise B2B payments, today announced a new initiative to help international businesses mitigate the impact of recent sanctions levied against Russia’s banking community and political elite. Following Russia’s invasion of Ukraine, the political leadership of many NATO, European, and North American nations have agreed [...]
SEOUL, Feb. 25 (Korea Bizwire) — South Korean chipmakers will be affected by export controls that Washington imposed on Russia over the Ukraine crisis, but the impact is not likely to be significant, experts said Friday. The U.S. Commerce Department announced new sanctions Thursday that it said “will severely restrict Russia’s access to technologies and [...]
SEOUL, Oct. 2 (Korea Bizwire) — A civic group advocating for national reunification called Saturday for the lifting of South Korea’s standalone sanctions against North Korea and the resumption of a now-shuttered joint industrial complex to pave the way for a thaw in cross-border ties. The South Korean Committee for Implementation of the June 15 [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korean chip exports to China are feared to take a hit from U.S. sanctions on Chinese telecom giant Huawei Technologies Co. due to their heavy dependence on the neighboring country, sources said Tuesday. The new sanctions, which ban the supply of semiconductors made with U.S. equipment, software and [...]