The South Korean government announced a new set of unilateral sanctions on North Korea effective today - some two weeks after the North's ballistic missile launch.
Seoul's foreign ministry says the measures will clamp down on 20 North Korean firms and twelve new individuals, in the hope of banning the inflow of illegal funds into the North. But the upgraded sanctions are nothing new, as Seoul confirmed that the additional firms and individuals were taken from existing U.S. sanctions, with no "new targets identified."
The latest package of sanctions is the second of its kind under the Moon Jae-in administration since it rolled out unilateral sanctions in November when it put 18 individuals on its blacklist.
Source: Arirang News
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