Business
Information related to the North Korea business sector
US company fined $115k for sending gift cards, other goods to North Korea
Treasury says Tango Cards faced nearly $10m in fines, but disclosed the violations and cooperated with authorities
October 3, 2022
Why sanctioning Tornado Cash may do little to curtail North Korean cyber crime
By removing human operators, the software-based crypto mixer creates new headaches for authorities and sanctions regime
September 26, 2022
North Korean firm planned $3.5M sale of military equipment to Nigeria: UN report
Deal would be major sanctions breach, but expert says it’s ‘far from clear’ whether negotiations ever occurred
September 19, 2022
Mitsubishi denies sending armored Pajeros to North Korea: UN Report
Automaker tells Panel of Experts it doesn’t mod vehicles for ‘military purposes’ after armored SUVs seen in Pyongyang
September 16, 2022
Singapore charges three men over alleged oil transfer to North Korea
Police accuse the men of destroying evidence of a possible ship-to-ship transfer involving a Singaporean tanker in 2018
September 16, 2022
North Korea promotes ‘encrypted’ money transfers through new financial product
Service advertised in recent brochure likely aims at concentrating foreign currency in state hands, experts say
September 6, 2022
Why Poland could play a key role in efforts to engage North Korea
Former communist bloc state maintains ties with DPRK, but EU membership and bilateral disputes complicate cooperation
September 5, 2022
North Korea updates foreign trade law in apparent attempt to control money flows
Introduction of new rules for second time during pandemic suggests lockdown led to more restrictive business environment
August 31, 2022
Friends without benefits: How a new US law penalizes South Korean carmakers
Inflation Reduction Act casts doubt over Washington’s commitment to multilateralism and economic security of its allies
August 30, 2022
New smartphones appear in North Koreans’ hands for first time in years
Models with more advanced cameras likely imported from China despite sanctions in effort to appeal to consumers
August 30, 2022
