Analysis Gold diggers: A Hong Kong company in North Korea?Investigation suggests Hong Kong company could be in breach of sanctions Update 10/10/2016: William Zhao responded to questions from NK News saying that Unaforte no longer has any mining operations in North Korea and that the information displayed on the company’s website was out of date. Unaforte still operates in North Korea, but is primarily involved in the real estate business, Zhao added. A Hong Kong-registered company which sells jewelry through various online outlets claims to operate a gold mine and jewelry manufacturing facility in North Korea’s Rason Special Economic Zone (SEZ). Unaforte Limited advertises its shareholders from Italy, Dominica, and the U.S., and © Korea Risk Group. All rights reserved. |