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

Jan. 25 (Bloomberg) -- 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

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