Sanctions exemption needed before North Korean firms do business in South: MOU



News Sanctions exemption needed before North Korean firms do business in South: MOU Seoul dismisses claims that planned revision of inter-Korean Exchange and Cooperation Act would breach UN sanctions Jeongmin Kim June 1, 2020 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Ministry of Unification Seoul will have to seek an exemption from international sanctions before allowing any North Korean firms to operate in South Korea, the country's unification ministry told NK News on Monday. The clarification follows accusation by local press that current plans by South Korea's ruling party and the Ministry of Unification (MOU) for a revision of the 30-year-old inter-Korean exchange and cooperation law may violate UN sanctions. Seoul will have to seek an exemption from international sanctions before allowing any North Korean firms to operate in South Korea, the country's unification ministry told NK News on Monday. The clarification follows accusation by local press that current plans by South Korea's ruling party and the Ministry of Unification (MOU) for a revision of the 30-year-old inter-Korean exchange and cooperation law may violate UN sanctions. Become a member for less than $5.75 per week. Unlimited access to all of NK News: reporting, investigations, analysis The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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Sanctions exemption needed before North Korean firms do business in South: MOU

Seoul dismisses claims that planned revision of inter-Korean Exchange and Cooperation Act would breach UN sanctions

Jeongmin Kim June 1, 2020

Sanctions exemption needed before North Korean firms do business in South: MOU

Ministry of Unification

Seoul will have to seek an exemption from international sanctions before allowing any North Korean firms to operate in South Korea, the country's unification ministry told NK News on Monday.

The clarification follows accusation by local press that current plans by South Korea's ruling party and the Ministry of Unification (MOU) for a revision of the 30-year-old inter-Korean exchange and cooperation law may violate UN sanctions.

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