Breaking News

Tweet TWEET

Hong Kong Company Sanctioned by U.S. for North Korean Arms Trade

The U.S. Department of Treasury sanctioned two North Korean bankers and a Hong Kong company linked to Pyongyang’s weapons program, according to a statement posted on the Treasury’s website.

Ra Ky’ong-Su and Kim Kwang-Il, both Beijing-based officials at Tanchon Commercial Bank, as well as Leader Hong Kong International Trading Ltd., were designated by the Treasury, according to the statement.

The Hong Kong-based company was cited for facilitating the shipment of machinery and equipment on behalf of a North Korean arms dealer, the Treasury Department said in the statement.

To contact the reporter on this story: Simon Lee in Hong Kong at slee936@bloomberg.net

To contact the editors responsible for this story: Gregory Turk at gturk2@bloomberg.net; Simon Lee at slee936@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.