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Inter-Korea

N. Korean Firm Withdraws from Macau

Written: 2005-12-19 18:53:23Updated: 0000-00-00 00:00:00

A North Korean company linked to money laundering, counterfeiting and acquiring parts for the North's nuclear program has withdrawn from Macau.

A business source in the Chinese city said Monday that Jowang Trading moved its office to nearby Zhuhai before the United States blacklisted the Macau-based Banco Delta Asia over alleged illicit transactions.

Jogwang had represented North Korean businesses in Macau.

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