December 05, 2023

Why Seoul’s dream to barter for North Korean booze may soon fall apart

If supply chains involve previously sanctioned entities, then even barter trade would be blocked by U.N. sanctions

Update: 7:54pm KT -- This article has been updated to emphasize the connection between Kaesong Koryo Insam Trading Corporation and the U.N. sanctioned Daesong General Trading Corporation

After a buzzing debut across international headlines, the idea of an inter-Korean barter deal may be on the brink of collapse: South Korean authorities are currently exploring whether the potential deal could be linked to sanctioned North Korean entities.