South Korea announces symbolic, new sanctions on N. Korea for recent nuclear tests

Seoul said it blacklisted dozens of new North Korean officials and entities by banning South Koreans from engaging in financial dealing with them.

By: AP | Seoul | Published:December 2, 2016 8:25 am
South Korea, North Korea, North Korea nuclear tests, sanctions for nuclear tests, UN Security Council, world news, Indian Express A South Korean army soldier watches a TV news program showing images published in North Korea’s Rodong Sinmun newspaper of North Korea’s ballistic missile believed to have been launched from underwater. (Source: AP)

South Korea has announced a set of largely symbolic, additional sanctions on North Korea for the nuclear and missile tests it conducted this year. Friday’s announcement came two days after the U.N. Security Council voted to tighten sanctions on North Korea. Pyongyang has warned of unspecified retaliation.

Seoul said it blacklisted dozens of new North Korean officials and entities by banning South Koreans from engaging in financial dealing with them. A Seoul statement said it’ll sanction a China-based company for allegedly assisting financial activities by a North Korean bank sanctioned by the U.N.

It’s unclear if the South Korean measures will sting North Korea. Inter-Korean trade and exchanges largely remain suspended and Pyongyang is already under multiple rounds of U.N. sanctions. The Chinese company has no assets in South Korea.