Seoul, November 6: In an attempt to block the road of Pyongyang’s illegal cash flow, South Korea imposed unilateral sanctions on 18 North Koreans on Monday. These 18 North Korean individuals cannot be involved in any financial transactions with South Koreans.
“We aim to encourage people to avoid problematic transactions with North Korea (through these sanctions) and to exercise caution with North Korea-related transactions in general,” said South Korea’s Unification Ministry spokesman Baek Tae-Hyun.
The series of sanctions on North Korea mainly have one aim. The measures will crash the hermit country’s economy which is already crashing. South Korea also expects this will contribute to blocking North Korea’s main sources of foreign exchange and its developing of weapons of mass destruction.