October 05, 2022

Business

Information related to the North Korea business sector

US company fined $115k for sending gift cards, other goods to North Korea

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

US company fined $115k for sending gift cards, other goods to North Korea
Ethan Jewell
Ethan Jewell October 3, 2022
Why sanctioning Tornado Cash may do little to curtail North Korean cyber crime
NK PRO

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

Why sanctioning Tornado Cash may do little to curtail North Korean cyber crime
Dennis Desmond
Dennis Desmond September 26, 2022
North Korean firm planned $3.5M sale of military equipment to Nigeria: UN report

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

North Korean firm planned $3.5M sale of military equipment to Nigeria: UN report
Chad O'Carroll
Chad O'Carroll September 19, 2022
Mitsubishi denies sending armored Pajeros to North Korea: UN Report

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

Mitsubishi denies sending armored Pajeros to North Korea: UN Report
Chad O'Carroll
Chad O'Carroll September 16, 2022
Singapore charges three men over alleged oil transfer to North Korea

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

Singapore charges three men over alleged oil transfer to North Korea
Ethan Jewell
Ethan Jewell September 16, 2022
North Korea promotes ‘encrypted’ money transfers through new financial product
NK PRO

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

North Korea promotes ‘encrypted’ money transfers through new financial product
Chad O'Carroll
Chad O'Carroll | Sojin Jung September 6, 2022
Why Poland could play a key role in efforts to engage North Korea
NK PRO

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

Why Poland could play a key role in efforts to engage North Korea
Nicolas Levi
Nicolas Levi September 5, 2022
North Korea updates foreign trade law in apparent attempt to control money flows
NK PRO

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

North Korea updates foreign trade law in apparent attempt to control money flows
Martin Weiser
Martin Weiser August 31, 2022
Friends without benefits: How a new US law penalizes South Korean carmakers
KOREA PRO

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

Friends without benefits: How a new US law penalizes South Korean carmakers
Sooyoung Oh
Sooyoung Oh August 30, 2022
New smartphones appear in North Koreans’ hands for first time in years

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

New smartphones appear in North Koreans’ hands for first time in years
Colin Zwirko
Colin Zwirko August 30, 2022
1 2 3 4 110