Singaporean conglomerate SUTL denies business links to North Korea
SUTL was previously listed as a 50% owner of a DPRK cigarette factory, reportedly had five in-country employees
A Singaporean conglomerate which acquired a joint-venture (J/V) cigarette factory in North Korea from British-American Tobacco (BAT) in 2007 told NK Pro on Tuesday that it no longer has business there, but declined to provide further details on the state of its assets in-country.
The denial from SUTL Group – which represents Nike and Kentucky Fried Chicken in Singapore and Vietnam and manages a marina in Brooklyn, New York – comes amid recent changes to United Nations sanctions and domestic law which will outlaw most J/Vs in North Korea.
“We have no business with the North
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