Economics
Sanctions on North Korea Inc. Hit Kim’s Secretive ‘Office 39’
- Monument maker also has assets frozen by UN Security Council
- Bank promising to be ‘most user-friendly’ also targeted
What Happens If Sanctions Fail in North Korea?
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The United Nations’ latest sanctions on North Korea for its nuclear program extend beyond the conventional exports cited in the Security Council resolution -- coal, iron ore, lead ore and seafood.
The restrictions described by diplomats on Aug. 5 as the “most stringent” against the nation also freeze the assets of some of North Korea’s biggest companies, including a maker of massive monuments and a Pyongyang-based insurance company that’s been linked to a slush fund for leader Kim Jong Un and his family.