• About Us
  • Who Are We
  • Work With Us
Tuesday, June 24, 2025
No Result
View All Result
The Globe Post
39 °f
New York
44 ° Fri
46 ° Sat
40 ° Sun
41 ° Mon
No Result
View All Result
The Globe Post
No Result
View All Result
Home World

Report: South Korea to Impose New Sanctions on Pyongyang

Staff Writer with AFP by Staff Writer with AFP
12/10/17
in World
People watch a TV with footage of a missile test in North Korea

People watch a TV screen showing a file footage of North Korea's missile launch, at Seoul Railway Station in Seoul, South Korea, Tuesday, Nov. 21, 2017. Photo: Ahn Young-joon, AP

Share on FacebookShare on Twitter

South Korea will impose new unilateral sanctions against nuclear-armed Pyongyang, a report said Sunday, in Seoul’s latest effort to pressure the North after a series of weapons tests that have sent regional tensions surging.

The move comes after a rare visit to North Korea by a senior U.N. official, who called for dialogue between Pyongyang and the international community to avert a potentially catastrophic “miscalculation” in the high-stakes nuclear crisis.

Seoul’s new measures, its second set of unilateral sanctions in a month, are likely to draw an angry response from Pyongyang, which views its neighbour as overly-dependent on a hostile Washington.

A total of 20 North Korean organisations, including banks and trading companies, and 12 North Korean individuals — mostly bankers — will be blacklisted as of Monday, the South’s Yonhap news agency reported citing a foreign ministry official.

“The organisations and individuals were involved in supplying money needed to develop weapons of mass destruction or illegal trading of sanctioned items,” the official said, according to Yonhap.

The measures are in addition to those by the U.N. Security Council, which has hit the isolated and impoverished North with a package of sanctions over its increasingly powerful missile and nuclear tests.

China, Pyongyang’s sole major diplomatic and military ally, has also backed the U.N. embargoes, but has repeatedly pushed for talks to diffuse tensions.

The U.N.’s under secretary general Jeffrey Feltman visited the North just a week after Pyongyang said it test-fired a new ballistic missile capable of reaching the United States.

His trip also coincided with the U.S. and South Korea’s biggest-ever joint air exercise, which the North slammed as a provocation and revealing an intention to “mount a surprise nuclear pre-emptive strike.”

Seoul’s sanctions will bar South Korean individuals and entities from transacting with those on the list but it will be largely symbolic given a lack of inter-Korean economic ties.

Last year, South Korea unilaterally closed operations at the jointly-run Kaesong Industrial Complex, saying cash from the zone was being funnelled to the North’s weapons programme.

The complex was the last remaining form of North-South economic cooperation. Seoul banned nearly all business with the North in 2010 after accusing Pyongyang of sinking one of its warships.

ShareTweet
Staff Writer with AFP

Staff Writer with AFP

Related Posts

Citizens cheer after the impeachment of President Yoon Suk-yeol is passed in Seoul, South Korea, on December 14, 2024
World

South Korea’s Yoon Impeached: What Happens Next?

by Staff Writer with AFP
December 20, 2024
Hundreds of citizens gather in front of the National Assembly in Seoul, South Korea, on December 4, 2024, demanding the repeal of the martial law declared by the Yoon Suk-yeol administration and face off against the police
Democracy at Risk

Disbelief, Outrage at South Korea’s Short-Lived Martial Law

by Staff Writer with AFP
December 3, 2024
North Korean leader Kim Jong-un
World

Ties With Russia Entering New Era, N. Korea’s Kim Say

by Staff Writer with AFP
June 19, 2024
South Korean opposition party leader Lee Jae-myung is attended to after being attacked in Busan
World

S. Korean Opposition Leader Recovering in Intensive Care After Stabbing

by Staff Writer with AFP
January 3, 2024
South Korea Halloween crush
World

South Korea to Hold Police Accountable for Tragic Halloween Crush 

by Staff Writer
November 2, 2022
Kim Jong-un, leader of North Korea, walking with soldiers.
World

Eight Countries, Including US, Denounce ‘Appalling’ Human Rights in NKorea

by Staff Writer
December 11, 2020
Next Post
jerusalem as the capital east jerusalem day of rage recognizing Jerusalem recognition capital Day of Rage protests

Recognizing Jerusalem as the Capital: Maintaining and Violating Status Quo

World Bank President Jim Yong Kim. Photo: AFP

Amid Preparations for Climate Summit, European Development Bank Invests Billions in Fossil Fuels

Recommended

An Iranian protester

Iran’s Nuclear Program: From Its Origins to Today’s Dispute

June 23, 2025
Protesters and police clash during the “No Kings” protest in Los Angeles, California on June 14, 2025.

US Appeals Court Allows Trump Control of National Guard in LA

June 20, 2025
Donald Trump

Fact vs. Fiction: The Trump Administration’s Dubious War on Reverse Discrimination

June 18, 2025
Iranian missiles and Israeli interceptors light up the sky over Beirut, Lebanon, on June 14, 2025. Iran launched multiple missiles toward Israeli targets, triggering interception attempts above several regional capitals, including Beirut.

Israel-Iran Conflict: Latest Developments

June 18, 2025
Tens of thousands of protestors shut down Fifth Avenue in Manhattan on Saturday, April 5, 2025, protesting the Trump administration's abuse of the separation of federal powers as well as the deep cuts to governmental services overseen by presidential advisor Elon Musk.

Civil Society Is Holding the Line. Will Washington Notice?

June 17, 2025
An Iranian walking in front of a wall painting of the Iranian flag in Tehran

How Much Damage Has Israel Inflicted on Iran’s Nuclear Program?

June 16, 2025

Opinion

Donald Trump

Fact vs. Fiction: The Trump Administration’s Dubious War on Reverse Discrimination

June 18, 2025
Tens of thousands of protestors shut down Fifth Avenue in Manhattan on Saturday, April 5, 2025, protesting the Trump administration's abuse of the separation of federal powers as well as the deep cuts to governmental services overseen by presidential advisor Elon Musk.

Civil Society Is Holding the Line. Will Washington Notice?

June 17, 2025
A Black Lives Matter mural in New York City.

Fuhgeddaboudit! America’s Erasure of History

April 2, 2025
Bust of Deputy Rubens Paiva in the Chamber of Deputies

Democratic Brazilians Are Still Here

March 18, 2025
A woman from Guatemala

Dispatch From Central America

January 28, 2025
US President Donald Trump

Dear Trump Supporters: Is This the America You Wanted?

January 28, 2025
Facebook Twitter

Newsletter

Do you like our reporting?
SUBSCRIBE

About Us

The Globe Post

The Globe Post is part of Globe Post Media, a U.S. digital news organization that is publishing the world's best targeted news sites.

submit oped

© 2018 The Globe Post

No Result
View All Result
  • National
  • World
  • Business
  • Interviews
  • Lifestyle
  • Democracy at Risk
    • Media Freedom
  • Opinion
    • Editorials
    • Columns
    • Book Reviews
    • Stage
  • Submit Op-ed

© 2018 The Globe Post