US backs S Korea over illegal N Korean coal imports

Image
ANI Washington D.C. [USA]
Last Updated : Aug 11 2018 | 10:05 AM IST

A day after three South Korean firms were caught importing North Korean coal and pig iron, the United States backed South Korea saying that "it is a reliable partner in the maritime implementation of the resolutions of the United Nations Security Council."

In a statement, US State Department spokesperson Katina Adams was quoted by Yonhap News Agency as saying, "The Republic of Korea (ROK) is a faithful and reliable partner in the maritime implementation of UN Security Council Resolutions. The United States and the ROK work closely together on North Korea issues, and remain in close contact to coordinate our unified response to the DPRK (Democratic People's Republic of Korea)."

On Friday, the Korea Customs Office (KCS) said that the three South Korean business organisations brought in 35,038 tons of North Korean coal and pig iron worth 6.6 billion won (USD 5.86 million) between April and October last year.

The KCS said that the firms brought the North Korean coal to South Korea from a port in Russia and earned commission fees in facilitating the export of the commodity to other countries. The agency added that the North Korean pig iron was smuggled inside South Korea via a paper firm in Hong Kong. The iron was acquired in exchange for selling Russian coal to North Korea.

The shipment of goods that arrived in South Korea violated the country's maritime law and also a UN sanction, wherein Pyongyang is barred from exporting coal, iron and other minerals that could fetch them profits and help the North Korean government in their nuclear development and ballistic missile programme.

Meanwhile, Adam said, "We are aware that the ROK government has initiated an investigation."

Although North Korean leader Kim Jong-un made a commitment to halt its nuclear weapons programme, a UN confidential report revealed that the reclusive nation was reportedly continuing to build nuclear weapons and ballistic missiles.

North Korea has become a virtual pariah in the international community since the UN imposed tough sanctions on the country, after conducting nuclear tests and launching three intercontinental ballistic missiles (ICBMs) last year.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 11 2018 | 9:45 AM IST

Next Story