April 20, 2024
News

PyongSu drug maker took “drastic measures” to continue DPRK operations: MD

Remy Lardinois says local partner will hold NDCP shares until sanctions lifted or exemption obtained

The World Health Organization-certified PyongSu Pharma joint venture (J/V) took "drastic measures" to keep operating in North Korea in order to avoid falling afoul of recent United Nations sanctions, Managing Director Remy Lardinois has told NK News.

A creative but risky solution now means that PyongSu Pharma will reportedly be able to continue operations in the DPRK despite a UN-mandated 120-day window for joint ventures to cease operations there passing on January 10.

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