The South Korean government will submit its plan to implement sanctions against North Korea to the U.N. Security Council on Monday.
A government official said the plan is in line with U.N. resolutions 1718 and 1874, stating Seoul's pledge to take stronger actions against the North for the communist country’s latest nuclear test.
As part of the plan, the South will ban the shipments of graphite and para-aramid fiber to the North. Seoul will also act according to a South-North maritime accord if North Korean ships suspected of carrying banned materials and weapons attempt to travel through its waters.
The South plans to freeze domestic assets of North Korean officials and companies who are suspected of having taken part in the latest North Korean nuclear test in late May.
The targets of the financial sanctions were designated by the U.N. Security Council's sanctions committee earlier in July.
The government began consultations between ten related government agencies on June 17th to come up with the sanctions implementation plan.