Category: Sanctions

Goldberg in Singapore, Thailand

Singapore – The US coordinator for North Korea sanctions on Thursday praised an unprecedented agreement and intensity in the international community to enforce the UN measures against the Stalinist regime in Pyongyang after its nuclear tests in May. ‘That’s something new about this, that there is an intensity and agreement internationally, regionally, … that this is an essential part of our overall effort,’ Ambassador Philip Goldberg said in Singapore, his first stop on a tour through Asia. [….] ‘But it’s...

How Kim Jong Il Got Away With Counterfeiting Our Money

Having finally found time to read all of David Rose’s excellent Vanity Fair piece on North Korea’s supernote counterfeiting operation, I agree absolutely with Richardson and Curtis; it’s an excellent piece of journalism. For a fuller understanding, it should be read in the context of two others. Stephen Mihm’s New York Times report explained how North Korea assembled Intaglio printing presses and optically variable ink from the same Swiss manufacturer that supplies them to the U.S. Bureau of Engraving and...

China Finally Enforcing N. Korea Sanctions, Kinda?

To say the very least, I remain deeply skeptical that China’s effort will be sustained, complete, or in good faith, but here are two stories that suggest to some degree, China is restricting trade with North Korea.  The first (as the reader who sent the link notes) comes directly from the ChiCom state media, so take it with a tablespoon of salt. Shan, who has run the corporation for 16 years, said he has forged close relations with officials in...

Treasury Knocks Over Another North Korean Bank

The Korea Kwangson Banking Corporation (KKBC) was been sanctioned under Executive 13382 today, for facilitating WMD proliferation: “North Korea’s use of a little-known bank, KKBC, to mask the international financial business of sanctioned proliferators demonstrates the lengths to which the regime will go to continue its proliferation activities and the high risk that any business with North Korea may well be illicit,” said Under Secretary for Terrorism and Financial Intelligence Stuart Levey. Since 2008, Tanchon has been utilizing KKBC to...

North Korean Ship Boarded in Indian Waters Not Carrying Banned Cargo

That North Korean ship that was boarded, searched, and investigated after being caught lurking suspiciously in Indian waters turns out to have been carrying “genuine” cargo after all.  As we all eagerly anticipate John Feffer and Christine Ahn’s outcry that the ship’s captain was unfairly profiled for “boating while North Korean,” the rest of us can only shake our heads and wonder why the ship was behaving so suspiciously: A day after a North Korean ship was detained at Port...

Hey, Over There! Isn’t that a North Korean WMD Smugging Ship?

Some ferry passengers off the Andaman Islands probably never figured they’d be signing up to join the Proliferation Security Initiative when they bought their passage: The sources said the observant passengers were on their way from Port Blair to Hut Bay on a ferry called “˜”˜M V Hut Bay”. They first noticed the ship about 7 km from Hut Bay, the entry point for the Little Andaman islands, in a highly isolated stretch of the sea. One of the passengers...

Marcus Noland on Sanctioning North Korea

First, a note of congratulations to Mr. Noland on being named Deputy Director of the Peterson Institute.  Noland also has a paper out on the prospects for disarming North Korea though sanctions.  Here’s a teaser, and I’ll let you read the rest on your own: Given the extremely high priority the North Korean regime places on its military capacity, it is unlikely that the pressure the world can bring to bear on North Korea will be sufficient to induce the...

Yachting the River Styx and the Lies of Christine Ahn

Several of you e-mailed me about the story of the luxury yachts that North Korea had attempted to purchase from the Italian manufacturer Azimuth-Benetti.  I started a post and didn’t finish it, partially because that post became something long-winded, disjointed, and unpublishable.  Meanwhile, a few more details have trickled in about the boats and the purchase.  Contrary to doubts expressed in earlier reports, Italian authorities have concluded that the boats were indeed for His Withering Majesty, although you have to...

John Kerry Tries, Fails to Stop Amendment Calling for N. Korea to be Re-Listed as Terror Sponsor (Update: Dems Defeat Amendment, 54-43)

Progress on ending North Korea’s nuclear weapons program is always tenuous and remains incomplete. But the regime’s nuclear declaration is the latest reminder that, despite President Bush’s once bellicose rhetoric, engaging our enemies can pay dividends…. Now the president must not prematurely close the books on North Korea’s alleged uranium enrichment activities and nuclear exports. We must ensure there are credible verification and monitoring procedures to ensure North Korea is out of the nuclear business for the long term. —...

Sanctions Upates

The big headline this week is the U.N.’s agreement on a list of entities to be sanctioned under UNSCR 1718 and 1874 (see links on my sidebar for the texts).  Frankly, I think that’s a story that’s getting a great deal more attention than it merits.  The sanctioned entities have largely been sanctioned under Executive Order 13,382 for years.  I doubt that the U.N. imprimatur is going to fend off many of North Korea’s WMD clients that the Treasury Department’s...

Seoul Should Join in Constricting North Korea’s Palace Economy

OFK favorite Sung-Yoon Lee, writing in the Far Eastern Economic Review, presses a point that the South Korean government ought to be ready to hear by now. After a sophisticated recitation of the U.S. Treasury Department’s own constriction of the North, he argues: The current ROK government now has its own chance to play a crucial role in determining the future of the Korean nation. As the self-professed sole legitimate government representative of the Korean people, Seoul must pursue a...

Gary Samore on North Korea Policy

In addition to his comments on North Korea’s HEU program, Gary Samore talked about President Obama’s North Korea policy.  As someone who found Bush’s North Korea policy to be incoherent and disappointing, but who didn’t have high expectations for Samore’s boss, either, I could not be more pleased to read things like this: I think we have to create, in the case of both North Korea and Iran, a narrative by which, if the big powers work together, and if...

Treasury Should Block “Arirang” Funds

I think it’s now fair to say that guiding groups of tourists through exhibitions of soul-crushing North Korean mind control has lost most of the arguments that justified its existence.  Rather than changing the character of the North Korean regime, it’s reenforcing it by making a profitable industry of it.  It’s become a source of hard currency to the regime, something that the world has collectively decided to cut off in the interest of the world’s security.  And finally, there’s...

Brownback Introduces Sanctions Bill in the Senate

Thomas still doesn’t have the text for S.1416, though it summarizes the bill as follows: Title: A bill require [sic] the redesignation of North Korea as a state sponsor of terrorism, to impose sanctions with respect to North Korea, to require reports on the status of North Korea’s nuclear weapons program and counterproliferation efforts, and for other purposes. The bill has two co-sponsors, Kyl and Gregg, both Republicans, although it’s not clear how Democrats will react, given the administration’s mood:...

High-Level Defector Describes Regime’s Illicit Income

I’d previously mentioned that I recently had the opportunity to meet Kim Kwang Jin, a high-level North Korean defector with detailed knowledge of North Korea’s illicit financing and money laundering.  Now, Kim adds much to our understanding of how North Korea pays for all those Mercedes-Benzes and missiles.  Having guessed that most of the cash came from flipping houses and the inventing some of the novel kitchen applicances I’d seen Billy Mays selling on my TV, this was a cruel...

Malaysian Bank Linked to North Korean WMD; Happy 5th to GI Korea (Updated)

GI Korea explains what Philip Goldberg was doing in Malaysia. By the way, let me add my belated good wishes to GI Korea on the fifth anniversary of the founding of his blog.  The fact that it’s one of two with feeds on my sidebar should be some testament to my high regard for the amount and quality of information he posts (NKEconWatch would be the third if its RSS worked there).  It’s one of my daily reads, and the...