You are here: Home » PTI Stories » National » News
Business Standard

South Korea announces symbolic, new sanctions on N Korea

AP  |  Seoul 

has announced a set of largely symbolic, additional sanctions on North Korea for the nuclear and missile tests it conducted this year.

Today's announcement came two days after the UN Security Council voted to tighten sanctions on North Korea. Pyongyang has warned of unspecified retaliation.


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

A Seoul statement says it'll sanction a China-based company for allegedly assisting financial activities by a North Korean sanctioned by the UN.

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 UN sanctions. The Chinese company has no assets in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 02 2016. 09:42 IST
RECOMMENDED FOR YOU