US and Asian allies impose new sanctions on North Korea after ICBM test | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
June 04, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JUNE 04, 2025
US and Asian allies impose new sanctions on North Korea after ICBM test

World+Biz

Reuters
02 December, 2022, 08:55 am
Last modified: 02 December, 2022, 08:56 am

Related News

  • EU lifts economic sanctions on Syria
  • North Korea says US space shield is 'nuclear war scenario'
  • North Korea detains officials over warship accident: state media
  • North Korea's Kim Jong Un oversees air drills, calls for stepped-up war preparation
  • EU agrees 17th package of sanctions on Russia

US and Asian allies impose new sanctions on North Korea after ICBM test

Reuters
02 December, 2022, 08:55 am
Last modified: 02 December, 2022, 08:56 am
A North Korea flag flutters next to concertina wire at the North Korean embassy in Kuala Lumpur, Malaysia March 9, 2017. REUTERS/Edgar Su
A North Korea flag flutters next to concertina wire at the North Korean embassy in Kuala Lumpur, Malaysia March 9, 2017. REUTERS/Edgar Su

The United States, South Korea, and Japan have imposed sanctions on North Korean officials connected to the country's weapons programs after Pyongyang's latest and largest intercontinental ballistic missile test last month.

The US Treasury Department on Thursday named the individuals as Jon Il Ho, Yu Jin, and Kim Su Gil, all of whom the European Union designated for sanctions in April.

South Korea's foreign ministry announced sanctions on seven other individuals, including a Singaporean and a Taiwanese, and eight entities. All are already under sanctions by the United States imposed between January 2018 and October 2022, the ministry said.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Japan also designated three entities and an individual for new sanctions, Japan's foreign ministry said, including the Lazarus Group suspected of carrying out cyberattacks.

China and Russia have blocked recent efforts to impose more United Nations sanctions, saying they should instead be eased to jumpstart talks and avoid humanitarian harm. That has left Washington to focus on trilateral efforts with South Korea and Japan, as well as European partners.

The latest sanctions follow a 18 Nov ICBM test by North Korea, part of a record-breaking spate of more than 60 missile launches this year, and amid concerns that it may be about to resume nuclear weapons testing, which has been suspended since 2017.

A Treasury statement said Jon Il Ho and Yu Jin played major roles in the development of weapons of mass destruction while serving as vice director and director, respectively, of the North Korea's Munitions Industry Department.

It said Kim Su Gil served as director of the Korean People's Army General Political Bureau from 2018 to 2021 and oversaw implementation of decisions related to the WMD program.

"Treasury is taking action in close trilateral coordination with the Republic of Korea and Japan against officials who have had leading roles in the DPRK's unlawful WMD and ballistic missile programs," Treasury Under Secretary For Terrorism And Financial Intelligence Brian Nelson said in the statement, using the initials of North Korea's official name.

"Recent launches demonstrate the need for all countries to fully implement UN Security Council resolutions, which are intended to prevent the DPRK from acquiring the technologies, materials, and revenue Pyongyang needs to develop its prohibited WMD and ballistic missile capabilities."

The sanctions freeze any US-based assets of the individuals and bar dealings with them, but appear largely symbolic.

South Korea's foreign ministry said the latest move was part of its efforts to sternly respond to North Korea's growing nuclear and missile threats.

Decades of US-led sanctions have failed to halt North Korea's increasingly sophisticated missile and nuclear weapon programs.

"Targeting senior officials inside North Korea responsible for WMD and missile activities and working with South Korea and Japan are important, but it is an inadequate and symbolic response to 60+ missile tests, including 8 ICBM tests," said Anthony Ruggiero, who headed North Korea sanctions efforts under former President Donald Trump.

"The Biden administration should sanction Pyongyang's revenue and force Kim Jong Un to make difficult decisions about his strategic priorities," he said.

US National Security Advisor Jake Sullivan said earlier Washington was committed to using pressure and diplomacy to entice North Korea into giving up its nuclear arsenal.

He said the administration had no illusions about the challenges, but remained committed to holding Pyongyang accountable.

A spokesperson at the White House National Security Council said sanctions had been successful in "slowing down the development" of the weapons programs and Pyongyang had turned to "increasingly desperate ways to generate revenue like virtual currency heists and other cybercrime to fund its weapons programs."

"The DPRK's decision to continue ignoring our outreach is not in their best interest, or in the interest of the people of the DPRK.

ICBM / north korea / sanctions

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Illustration: TBS
    Govt eases tax burden for company funds
  • Freedom fighters in training. Photo: Courtesy
    Govt revises definition of freedom fighter, recognising physicians, nurses who treated the wounded
  • Illustration: Duniya Jahan/TBS
    Businesses feel cold winds

MOST VIEWED

  • Representational Image. Photo: Collected
    400 electric buses to join Dhaka’s public transport network
  • Official seal of the Government of Bangladesh
    Govt raises special incentive for employees to 15% from July
  • From left, National Citizen Party Convener Nahid Islam, BNP Standing Committee member Salahuddin Ahmed talking to reporters in Dhaka on Monday, 2 June 2025. Photos: TBS
    BNP, NCP exchange got heated during Monday's meeting with CA Yunus
  • Budget FY26: Housing sector may take a hit, flat prices set to rise
    Budget FY26: Housing sector may take a hit, flat prices set to rise
  • Pie chart showing revenue sources (NBR tax, foreign grants, etc.) and bar graph showing expenditure breakdown by sector (public services, interest payments, education, etc.) for Bangladesh's FY26 budget.
    Budget FY26 in infographics
  • Infograph: TBS
    Is the revenue target realistic?

Related News

  • EU lifts economic sanctions on Syria
  • North Korea says US space shield is 'nuclear war scenario'
  • North Korea detains officials over warship accident: state media
  • North Korea's Kim Jong Un oversees air drills, calls for stepped-up war preparation
  • EU agrees 17th package of sanctions on Russia

Features

Illustration: TBS

The GOAT of all goats!

1d | Magazine
Photo: Nayem Ali

Eid-ul-Adha cattle markets

1d | Magazine
Sketch: TBS

Budget FY26: What corporate Bangladesh expects

1d | Budget
The customers in super shops are carrying their purchases in alternative bags or free paper bags. Photo: Mehedi Hasan

Super shops leading the way in polythene ban implementation

1d | Panorama

More Videos from TBS

Tesla not interested in manufacturing cars in India, big blow to Modi government

Tesla not interested in manufacturing cars in India, big blow to Modi government

8h | TBS World
What are Europe's chances of global leadership once the shadow of the United States is lifted?

What are Europe's chances of global leadership once the shadow of the United States is lifted?

Now | Others
Signs of strain in India-Canada relations

Signs of strain in India-Canada relations

10h | TBS World
What police are doing to reduce sufferings on road and to ensure safety

What police are doing to reduce sufferings on road and to ensure safety

11h | Podcast
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net