KOREA ROUNSAN TRADING CORPORATION

Korea, North

Additionally, OFAC is designating four MoRI trading companies Hapjanggang Trading Corporation, Korea Rounsan Trading Corporation, Sungnisan Trading Corporation, and Unchon Trading Corporation pursuant to E.O. 13382 for being owned or controlled by, or acting or purporting to act for or on behalf of, directly or indirectly, MoRI. These trading companies have pursued various activities likely aimed at generating revenue for MoRI. Such activities include: establishing joint ventures in North Korea, pursuing large scale projects with Chinese firms, exporting North Korean labor, including IT workers, establishing a restaurant in a foreign location, coordinating with DPRK embassy personnel on international trade efforts, and importing large equipment manufactured by a European company to North Korea.

US

https://home.treasury.gov/news/press-releases/jy0695

2022-04-01

US

Weapons of Mass Destruction Proliferators Sanctions Regulations, 31 C.F.R. part 544

OFAC-horizontal

Non-Proliferation

Blocking Property

On April 13, 2009, OFAC issued the Weapons of Mass Destruction Proliferators Sanctions Regulations, 31 CFR part 544 (74 FR 16771, April 13, 2009) (the “Regulations”), to implement Executive Order (E.O.) 13382 of June 28, 2005, “Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters” (70 FR 38567, July 1, 2005)

SDN