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| China-Japan-Koreas | |
| U.S. Tightens Financial Noose on Norks | |
| 2009-08-01 | |
| The U.S. has imposed fresh financial sanctions on a North Korean firm in light of its alleged role in the North's missile activities. According to the U.S. Treasury Department, Korea Hyoksin Trading Corporation is controlled by another North Korean entity, Korea Ryonbong General, which is involved in the development of weapons of mass destruction. Under the latest sanctions, all bank accounts and financial assets in the U.S. that belong to the company will be frozen. Americans are also banned from engaging in any form of business venture with the firm.
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| Posted by:Steve White |