Seoul approves new North Korea sanctions over arms trade

Seoul, June 28 (EFE).- South Korea approved Wednesday its ninth package of unilateral sanctions against individuals and entities that help finance North Korea’s weapons of mass destruction program.

This new package includes two corporations and two individuals, Choi Chon-gon, born South Korean and naturalized Russian, and So Myong, the representative in Vladivostok of the North Korean Chosun Bank of Commerce, the Foreign Affairs Ministry said.

Choi founded a company in Mongolia called Hanne Ulaan, one of two sanctioned entities, to evade international sanctions while raising funds for the regime’s weapons program.

So, who allegedly represents the North Korean Chosun Bank of Commerce, subject to sanctions by the United Nations Security Council, established Epsilon – the other company sanctioned by Seoul – a joint commerce venture investment with Choi, which currently remains operational, South Korean Foreign Ministry said.

The package is the ninth approved by President Yoon Suk-yeol since he came to power in May 2022 raising the total to 45 people and 47 organizations included in the list of entities sanctioned by Seoul. EFE

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