Meanwhile, in London, the UK has frozen the assets of a North Korean company based in southeast London after claims it funnelled cash to Pyongyang’s nuclear weapons programme.
The Korea National Insurance Corporation (KNIC) is registered at a property in the suburb of Blackheath. The EU has already imposed sanctions against the company, which it describes as “generating substantial foreign exchange revenue which is used to support the regime in North Korea”. The move by Brussels followed an UN resolution.
The EU warned: “Those resources could contribute to the DPRK’s nuclear-related, ballistic missile-related or other weapons of mass destruction-related programmes.”
SCMP