- Title: South Korea welcomes U.S. sanctions against Chinese firm
- Date: 27th September 2016
- Summary: SEOUL, SOUTH KOREA (SEPTEMBER 27, 2016) (REUTERS) SOUTH KOREAN FOREIGN MINISTRY SPOKESMAN, CHO JUNE-HYUCK, BOWING AND STANDING AT PODIUM JOURNALISTS TYPING AT NEWS BRIEFING CHO SPEAKING AT PODIUM (SOUNDBITE) (Korean) SOUTH KOREAN FOREIGN MINISTRY SPOKESMAN, CHO JUNE-HYUCK, SAYING: "By exposing the risks of trade with North Korea, we expect this measure to raise the alarm for individuals and entities in third countries as well as China which are trading with North Korea." NEWS BRIEFING IN PROGRESS EXTERIOR OF SOUTH KOREAN FOREIGN MINISTRY BUILDING
- Embargoed: 12th October 2016 07:28
- Location: SEOUL, SOUTH KOREA
- Reuters ID: LVA00151CBM13
- Aspect Ratio: 16:9
- Story Text:South Korea said on Tuesday (September 27) it "highly valued" Washington's action against a Chinese industrial machinery and equipment wholesaler tied to North Korea's nuclear programme.
The United States said on Monday (September 26) it had sanctioned Dandong Hongxiang Industrial Development Co (DHID), a new step in tightening the financial noose around North Korea's nuclear programme after its fifth nuclear test this month.
"By exposing the risks of trade with North Korea, we expect this measure to raise the alarm for individuals and entities in third countries as well as China which are trading with North Korea," said South Korea's Foreign Ministry spokesman, Cho June-hyuck, at a regular news briefing.
The U.S. Treasury said it was also sanctioning four of DHID's executives, including the firm's founder, Ma Xiaohong, under U.S. regulations targeting proliferators of weapons of mass destruction.
It accused the firm of acting on behalf of North Korea's Korea Kwangson Banking Corp (KKBC), which has been under U.S. and U.N. sanctions for supporting proliferation of such weapons.
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