Government imposes independent sanctions on one institution including Ryugyong Program Development Company and five individuals

The 11th Independent North Korea Sanction under the Yoon Administration
Involvement in Funding Nuclear Missile Development

The government designated five individuals, including Ryu Kyung-chul, and one organization involved in North Korea's nuclear and missile development and funding as targets of independent sanctions against North Korea on the 1st.

Individuals designated for sanctions include Ryu Kyung-chul, Kim Hak-chul, Jang Won-chul, Ri Chul-min, and Kim Joo-won, while Ryu Kyung Program Development Company was designated as a sanctioned organization.

This organization and company have been involved in the development of North Korea's unmanned armed equipment and the dispatch of IT personnel. They are understood to have played a role in nuclear missile development and funding related to North Korea's so-called 'satellite' Myong-ok's ballistic missile launch. This is also the first independent sanction target designated by our country.

[Image source=Yonhap News]

The government has so far worked to enhance the effectiveness of sanctions by raising international awareness through related countries imposing sanctions on the same targets or announcing sanction designations consecutively. Recently, through the Korea-US-Japan summit and trilateral foreign ministers' calls, it was agreed to further strengthen trilateral cooperation on North Korea, including sanctions.

Meanwhile, this independent sanction is the 11th independent sanction against North Korea under the Yoon Suk-yeol administration. Since October last year, the government has designated 54 individuals and 51 organizations as independent sanction targets against North Korea. The sanctions were decided with the intention of leading efforts to block North Korea's satellite and drone development, evasion of sanctions, and nuclear missile funding activities.

This content was produced with the assistance of AI translation services.