Search Results for “Kumgang sanctions”

April 23, 2019

The “experts” were wrong. The sanctions are working.

The fact that even the New York Times says so didn’t make it so; it just made it harder for people who trust the New York Times to deny it. But for those of us who’ve always put more stock in the Daily NK and Rimjin-gang, the evidence has been piling up for more than a year. Our chronology begins in March 2016, two months after North Korea’s fourth nuclear test and one month after Congress passed the North Korea Sanctions...

Sanctions

March 13, 2019

UN Panel investigating South Korean sanctions violations

The U.N. Panel of Experts has released its latest report, and for the first time since it began publishing them in 2009, it is now investigating South Korea for violating the sanctions. One area the Panel is looking into is its imports of North Korean coal for ten months, in violation of UNSCR 2371, while its Coast Guard dragged out an “investigation” of those imports, allowed the smuggling ships to come and go freely without seizing them, and later charged...

An Alliance?/Sanctions/Shipping sanctions/Sunshine

November 1, 2015

Sam Pa, 88 Queensway, KKG & Bureau 39: A case study in how China helps N. Korea evade sanctions

Last week, I highlighted Andrea Berger’s excellent post at 38 North, calling for the U.N. Security Council to sanction North Korea’s third-party enablers. Berger named some of those enablers, but I’d like to name another one of the most important ones — the Hong Kong-based 88 Queensway Group, headed by one Sam Pa, also known by his birth name “Xu Jinghua” or any of “at least eight aliases,” each with its own matching passport. According to multiple news reports, Pa has extensive connections to Chinese politicians, and with its intelligence services....

Anju Links/China/Money Laundering/Sanctions

March 22, 2010

This Kumgang Nonsense, Explained

What is the meaning of North Korea’s sudden spate of demands that South Korea resume tours at Mt. Kumgang, which ended with the 2008 killing of one of the tourists? Most likely, that the sanctions are working, that China’s bailout isn’t expected to arrive in time, and that Kim Jong Il needs the money. Even for North Korea, this sounds a bit desperate: Accusing the south Korean puppet clique of making outcry, asserting the “incident of a tourist in Mt....

NK Economics/North-South/Sunshine

February 20, 2009

Sanctions? Yes We Can! (But Without the U.N.)

The power to tax is the power to destroy — Daniel Webster As the Obama Administration inherits an intractable, non-compliant, bellicose, and terroristic North Korea, the administration’s great challenge is to see beyond a strategy based on concessions alone. Via GI Korea, the new administration appears to be polarizing into factions, just as the Bush Administration did eight years ago. One of the factions advocates “normalization of relations with North Korea as soon as possible,” in other words, giving even...

NK Economics

January 17, 2007

Kumgang Update

Update: More here. Whenever you read about the Kumgang Tourism Project, which South Korea likes to tout as an initiative to reduce tensions, consider those assertions in the context of well-sourced suspicions that North Korea uses the proceeds for its WMD programs. Thus, we should celebrate stories like this one from Yonhap, documenting its failure in extensive detail. The best news is that enough people have a conscience to impede the project’s success.

An Alliance?/Appeasement/NK Economics/U.S. & Korea

July 21, 2020

Our S Korean ally has a plan to bail Kim Jong-un out, but it’s no better than the rest of them

I really think South Korean President Moon Jae-in wants to bail Kim Jong-un out more than I want my next breath. Even before he was sworn in, he called for the reopening of Kaesong and other joint projects to ease the burden of U.S.-led sanctions. Once in office, he called for major investments in North Korea until a call from the Treasury Department scared his bankers away. He turned a blind eye to purchases of North Korean coal, and probably to the smuggling of luxury goods, into...

An Alliance?/Sanctions

February 17, 2019

As Trump goes soft on North Korea, the Democrats are outflanking him

BEFORE DONALD TRUMP FELL IN LOVE WITH KIM JONG-UN, Washington had found an almost unprecedented amount of bipartisan unity around the need to enforce sanctions until Kim Jong-un had irreversibly begun to dismantle his weapons of mass destruction and end his crimes against humanity. Most sensible people who send representatives to Congress believe in concepts like evil and pathological mendacity. Yet these concepts are anathema to the twenty percent of the population on the left end of the political Bell...

Anju Links

December 3, 2018

Of course, Kim Jong-un’s tourist resorts will fail. Of course, we can help with that.

The following question is multiple choice. Please do not use a number two pencil to blacken the oval on your screen. In April, angry, hungry citizens in North Korea’s remote Ryanggang Province took the brave and desperate step of protesting to local authorities over forced “donations” of food, money, and supplies they were required to make to the construction of — (a) an orphanage (b) a grain elevator (c) a soy-based infant formula factory (d) a beach resort If you...

Human Trafficking/Sanctions/Sunshine/U.S. Law

December 4, 2017

Korean War II: What the Joint Statements tell us about Pyongyang’s strategy

“To see what is in front of one’s nose needs a constant struggle.” – George Orwell On June 15, 2000, Kim Dae-jung and Kim Jong-il signed a joint statement agreeing to seek “independent” reunification and an inter-Korean coalition government. It was not the first joint statement between North and South. This relatively modest one from 1972 calls for “both parties [to] promote national unity as a united people over any differences of our ideological and political systems.” In retrospect, this...

Diplomacy/Korean War II

June 14, 2017

One American tragedy, millions of North Korean statistics

The idea that foreign tourists in North Korea could escape the evil they help, however minimally, to propagate, was never sustainable. Tourism in North Korea reduces the physical and mental slavery of totalitarianism to a circus performance and its subjects to zoo animals. It doesn’t only endanger the tourist, it plays some unquantifiable role in sustaining that horrid system, and in endangering the lives of people from Seoul to Seattle to Aleppo by giving cash to a regime obsessed with the...

Foreigners in N. Korea

May 26, 2017

H.R. 2732 would ban the North Korea tourist racket from the dollar system

Yesterday, Rep. Adam Schiff (D, Cal.) and Joe Wilson (R, S.C.) introduced a bill that would ban transactions incident to travel to, from, and within North Korea. The text isn’t posted on Congress.gov yet, but Schiff and Wilson have issued identical press releases describing what the bill would do: Today, Congressmen Adam Schiff (CA-28) and Joe Wilson (SC-02) introduced the bipartisan North Korea Travel Control Act, which would require the Treasury Department to issue regulations requiring a license for transactions...

Foreigners in N. Korea/U.S. Law

May 8, 2017

The PUST hostage crisis is a fitting symbol of the futility of engaging Pyongyang

Just one week after I predicted that the misbegotten experiment known as the Pyongyang University of Science and Technology would soon be at the center of a hostage crisis, the inevitable has happened. North Korean state media reports the country has detained a U.S. citizen – the fourth U.S. citizen being held there amid rising tensions between the two countries. The official Korean Central News Agency identifies the man detained Saturday as Kim Hak Song, an employee of Pyongyang University...

Engagement/Foreigners in N. Korea/Sunshine/Terrorism (NK)

March 27, 2017

UN report shows China, others are still havens for North Korean money laundering

Due to a convergence of other commitments, it took me longer than I’d hoped to digest the U.N. Panel of Experts‘s latest findings about North Korea and financial sanctions. If you only read the bottom line and stop there, you’ll either be discouraged or find support for an argument that sanctions are futile. 210. Despite expanded financial sanctions adopted by the Security Council in resolutions 2270 (2016) and 2321 (2016), the Democratic People’s Republic of Korea has continued to access...

Money Laundering/Sanctions

March 16, 2017

N. Korea, Lazarus & SWIFT: Are the white hats closing in? (Update: SWIFT cuts off remaining N. Korean banks)

In the last month, major news stories about North Korea have bombarded my batting cage faster than I’ve been able to swing at them. I’d wondered when I’d have a chance to cover Katy Burne’s detailed story in the Wall Street Journal about the empty half of the SWIFT glass – that despite its recent decision to disconnect three U.N.-designated North Korean banks, it’s still messaging for banks that are sanctioned by the Treasury Department, but not by the U.N.:...

Cyberwar/Money Laundering/NK Crime/U.S. Law

March 6, 2017

Yay, it happened! Jim Rogers got burned by hyping North Korea!

And just like that, crackpot investment advisor Jim Rogers joins the distinguished company of Hyundai Asan, Volvo, Yang Bin, David Chang and Robert Torricelli, Chung Mong-Hun, Roh Jeong-ho, and Orascom’s Naguib Sawaris, all of whom won Darwin Awards in North Korea. I’ve previously written about Rogers and his enthusiasm for North Korea and its worthless currency. That OFK post caught the eye of a New York Times reporter, who has just published a story on the relationship between Rogers and his self-described business...

"United" Nations/Money Laundering/Sanctions/U.S. Law

December 15, 2016

What’s that? You want the Sunshine Policy back? Good luck with that.

If Nate Silver is feeling humble these days, just let him try to predict who wins the next election in South Korea. In the 12 months between now and the time South Korea elects its next president, the ruling Saenuri party will probably break up. God willing, new candidates will emerge to supplant the dismal fare it has served until now. Divisions between the pro- and anti-Park Geun-hye factions may or may not heal. Ban Ki-moon may or may not...

Kaesong/Korean Politics/Sunshine/U.S. & Korea

December 7, 2016

For North Korean banks, 2016 has been like that Corleone baptism montage

Years from today, North Korean bankers will remember 2016 as their annus horribilis. In February, a month after the North’s fourth nuclear test, Congress passed, and the President signed, the North Korea Sanctions and Policy Enhancement Act. Section 201 of the new law all but compelled the Treasury Department to designate North Korea a Primary Money Laundering Concern under section 311 of the Patriot Act. Section 311 allows for a menu of special measures to protect the financial system against...