US freezes assets of 2 NKorean entities for alleged nuclear and missile activity
By APTuesday, September 8, 2009
US freezes assets of 2 NKorean entities
WASHINGTON — The United States has moved to freeze the assets of two North Korean entities for alleged involvement in the country’s nuclear and missile programs.
The State Department said Tuesday it was taking the action against the North Korea’s General Bureau of Atomic Energy (GBAE) and the Korea Tangun Trading Corp., essentially isolating them from the U.S. financial system. It freezes any assets in U.S. jurisdiction and prohibits U.S. citizens from doing business with the two entities.
The department said in a statement that GBAE oversees the North’s nuclear program and manages operations at the Yongbyon nuclear plant. The Korea Tangun Trading Corp. procures technology to support North Korea’s defense research and development programs.
