Menu Content
Go Top

International

US Sanctions N. Korea IT Firms in China, Russia

Written: 2018-09-14 08:23:55Updated: 2018-09-14 10:46:00

US Sanctions N. Korea IT Firms in China, Russia

Photo : YONHAP News

The U.S. announced new sanctions against North Korea Thursday, targeting two companies in China and Russia and a North Korean individual.

The Treasury Department said that it blacklisted Russia-based company Volasys Silver Star, China-based China Silver Star and its CEO Jong Song Hwa for violating U.S. sanctions. 

Treasury Secretary Steve Mnuchin said the sanctions were intended to stop the flow of illicit revenue to North Korea from overseas IT workers hiding behind front companies and aliases. The designation blocks any property those targeted may have in the U.S. and prohibits Americans from doing business with them. 

The department said the two information technology companies are actually North Korean-controlled entities. It added China Silver Star had earned millions of dollars from collaborative projects with Chinese and other companies, and Volasys Silver Star, established in early 2017, had earned hundreds of thousands of dollars in under a year. 

The move comes a week after U.S. federal prosecutors charged a North Korean computer programmer over major cyber crimes including the 2014 cyberattack on Sony Pictures Entertainment.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >