UK Imposes Financial Sanctions on North Korean Individuals and Entity
The United Kingdom has taken further action to impose financial sanctions on individuals and an entity linked to the Democratic People’s Republic of Korea (DPRK), in a bid to disrupt the country’s illegal activities.
Designated Individuals
According to the latest updates from the Office of Financial Sanctions Implementation, five individuals have been designated under the DPRK sanctions regime:
- Il U Cho: Director of the Fifth Bureau of the Reconnaissance General Bureau, believed to be responsible for overseas espionage operations and foreign intelligence collection.
- Jong Sik Kim: A leading official guiding the DPRK’s WMD development efforts and serving as Deputy Director of the Workers’ Party of Korea Munitions Industry Department.
- Kyong Ok Kim: Vice Director of the Organization and Guidance Department, which directs key personnel appointments for the Workers’ Party of Korea and the DPRK’s military.
- Ri Hak Chol: President of Green Pine Associated Corporation (Green Pine), a company believed to have taken over many of the activities of the Kor ea Mining Development Trading Corporation (KOMID).
- Song Chol Kim: KOMID Official who has conducted business in Sudan on behalf of KOMID’s interests.
Designated Entity
Additionally, Huaxin Shipping Hongkong Ltd, a Hong Kong-based entity, has been designated for its involvement in shipping coal from the DPRK to Vietnam. The company was instructed by an unidentified employee to make preparations for entry into Nampo, DPRK to receive a shipment of coal bound for Vietnam.
Sanctions
These individuals and entities are subject to financial sanctions under UK law, which prohibits dealing with them or providing them with funds, financial services, or other form of economic support. The UK is committed to working closely with international partners to disrupt the DPRK’s illegal activities and uphold global security.
Key Information
Date: 16 February 2022
Designated Individuals:
- Il U Cho
- Jong Sik Kim
- Kyong Ok Kim
- Ri Hak Chol
- Song Chol Kim
Designated Entity:
- Huaxin Shipping Hongkong Ltd
Reason for Designation:
Involvement in the DPRK’s illegal activities, including espionage, WMD development, and arms trade.