Korea, North

1961-04-22

Korea, North

OFAC also designated Kim Kang Jin, the Director of the External Construction Bureau, pursuant to E.O. 13687 for being an official of the Government of North Korea or the Workers' Party of Korea. Beyond North Korea, the External Construction Bureau has been located in Kuwait, Oman, Qatar, and the United Arab Emirates. The Ch'olhyo'n Overseas Construction Company is reported to earn foreign currency for North Korea, and it has been located in Algeria. According to the State Department report, "employees of Ch'olhyo'n are kept in slave-like conditions, including having salaries and passports withheld by DPRK security officials assigned as site supervisors, meager food rations, poor living conditions, and severe restrictions on their freedom of movement."

https://home.treasury.gov/news/press-releases/sm0191

2017-10-26

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