1959-08-08

Korea, North

In conjunction with their listing in UNSCR 2270, OFAC designated Ri Man Gon and Yu Chol U pursuant to E.O. 13687 for being officials of the Government of North Korea.  Ri Man Gon is the Director of the Munitions Industry Department.  The Munitions Industry Department, also sanctioned in UNSCR 2270, is U.S. designated pursuant to E.O. 13382 and responsible for overseeing the development of North Korea’s ballistic missiles, including the Taepo Dong-2.  Yu Chol U is the Director of the National Aerospace Development Administration (NADA).  NADA is an institution of the Government of North Korea that organizes all of its space development projects.

https://home.treasury.gov/news/press-releases/jl0372

2016-03-02

US

Executive Order 13687 of January 2, 2015 Imposing Additional Sanctions With Respect To North Korea

OFAC country specific / UN

Democratic People's Republic of Korea

Blocking Property, Suspending Entry, Trade sanctions

• https://ofac.treasury.gov/faqs/topic/1556 460. Can U.S. persons do business with entities in North Korea? No. Unless authorized pursuant to a general or specific license from OFAC and/or BIS, Executive Order (E.O.) 13722 prohibits new investment in North Korea by a U.S. person and the exportation or reexportation, from the United States, or by a U.S. person, of any goods, services, or technology to North Korea. E.O. 13810 (“Imposing Additional Sanctions with Respect to North Korea”) does not modify any of those prohibitions.

On January 2, 2015, the President issued E.O. 13687 pursuant to, inter alia, IEEPA and the NEA, to take additional steps to address the national emergency declared in E.O. 13466 and expanded in E.O. 13551. E.O. 13687 provides for the blocking of property and interests in property of certain persons with respect to North Korea.

SDN