North Korea

North Korea, known as the Democratic People’s Republic of Korea, is a sovereign state in East Asia. Its capital of  Pyongyang, is the largest and most populous in the country. The country is separated by South Korea by the heavily fortified  Korean Demilitarized Zone (DMZ). The country considers itself a self-reliant socialist state, holding formal government elections. The Workers Party of Korea (WPA) is currently led by the country’s ruling family. A majority of industries including healthcare, food production, education, and housing, are government-run, and subsidized for families in the country.

The country follows the Songun, “Military First” policy to governance. With over 1.2 million active duty members, the nation has the fourth largest military in the world. It possesses a great deal of nuclear weapons, and the country’s ruler has threatened use on numerous occasions. Human rights violations have been assessed by numerous international organizations, as the country operates re-education and prison camps, which are used to segregate individuals who are viewed as “enemies” of the country.

The government is run as a highly-centralized, one party state. In addition to its constitution the country is governed by the "Ten Principles of the One-Ideology System". The WPK has approximately 3 million members, and operates all facets of the country’s government and political systems. Kim Jung-Un, who is the current leader of the Kim-dynasty is leader of the WPK; he is the first secretary, Supreme Commander of the Army, and Chairman of State Affairs. The Kim-Dynasty has been in power in the country since 1948.

The country possesses nuclear weapons and a stockpile of chemical weapons which are estimated to amount to 2,500–5,000 tons. These weapons contain nerve, blister, blood, and vomiting agents. The country also cultivates and produces chemical weapons which are capable of causing anthrax, smallpox, and cholera. Because of nuclear and test missiles, the country has been  sanctioned under United Nations Security Council resolutions. Shortage of digital command and obsolete equipment, do however hinder the massive military forces in North Korea.

Since the 1940s the country has maintained one of the most closed and centralized economies in the world. Long-term growth is greatly impeded by the lack of transportation, energy, and skilled-labor to meet the country’s economic goals. In 2012, the country’s gross-national income per capita was only $1523 in comparison to that of South Korea, which was $28,430. The country’s economy is heavily centralized, with subsidies in food and housing.

The National Law Review covers details about US and international sanctions against North Korea, international and foreign relations, restrictions on the use of international financial institutions, import and export, CFIUS and merger/acquisition deals. The National Law Review covers the latest stories related to nuclear warfare, government relations, international relations, and how the country’s decisions affect the US and other countries around the world.

Custom text Title Sort descending Organization
Jul
22
2022
$500,000 Worth of Crypto Recovered from US Health Care Ransomware! Foley & Lardner LLP
Aug
23
2016
Administration Imposes Economic Sanctions Against North Korean Regime Squire Patton Boggs (US) LLP
Apr
2
2021
AML: HM Treasury Updates Advisory Notice on Money Laundering and Terrorist Financing Controls in Higher-Risk Jurisdictions Katten
Dec
7
2022
Ankura CTIX FLASH Update - December 6, 2022 Ankura
Jan
4
2023
Ankura CTIX FLASH Update - January 3, 2023 Ankura
Oct
3
2017
Breaking News: President Trump Imposes Travel Restrictions against North Korea, Chad, and Venezuela and Removes Restrictions against Sudan; United States Supreme Court Cancels Oral Arguments in Pending Travel Ban Case Hunton Andrews Kurth
Dec
23
2021
Canadian Bank Settles OFAC Charges for Potential North Korea and Narcotics Kingpin Sanctions Violations Cadwalader, Wickersham & Taft LLP
Nov
10
2017
CBP Issues Guidance on Complying with New Prohibitions on the Use of North Korean Labor and Inputs in Imported Merchandise Faegre Drinker
Aug
9
2018
Coal Hard Facts: North Korea Sanctions Remain in Place and Remain a Risk Sheppard, Mullin, Richter & Hampton LLP
Sep
12
2016
Congress Focuses on Iran, Syria, North Korea and Cyber Security, Funding Federal Government and Possibly Reconciling Defense Authorization Measure Squire Patton Boggs (US) LLP
Apr
17
2017
Congress Introduces North Korea and Iran Sanctions Legislation Squire Patton Boggs (US) LLP
Aug
9
2019
D.C. Circuit Rules in Favor of Broad Reach of Patriot Act Subpoenas Ballard Spahr LLP
Jan
3
2019
Dataresolution.net Victim of Ryuk Ransomware Attack Robinson & Cole LLP
May
3
2023
DOJ Secures Largest Settlement Payment Yet For U.S. Sanctions Violations Involving North Korea Barnes & Thornburg LLP
Oct
29
2020
DSH Warns of North Korean Advanced Persistent Threat Group Kimsuky Tactics Robinson & Cole LLP
Nov
8
2017
EU Adopts New Sanctions on North Korea Squire Patton Boggs (US) LLP
Apr
17
2017
EU Amends North Korea Sanctions Squire Patton Boggs (US) LLP
Feb
14
2018
EU Amends Restrictive Measures on the Democratic People’s Republic of Korea Squire Patton Boggs (US) LLP
Apr
20
2017
EU and UK Sanctions Update: April 2017 K&L Gates
May
25
2017
EU Expands Its Sanctions Against North Korea Squire Patton Boggs (US) LLP
Feb
6
2017
EU Implements UN Listings to Its North Korea Sanctions Squire Patton Boggs (US) LLP
May
24
2016
EU Introduces New Sanctions Against North Korea Following Those That Were Announced by the UN Security Council Last Month Squire Patton Boggs (US) LLP
Mar
6
2017
EU Removes Five Vessels from its North Korea Sanctions Squire Patton Boggs (US) LLP
Nov
20
2018
EU Updates Its List of Sanctioned Entities; EU Introduces New Sanctions Regime Against Persons Involved in Proliferation and Use of Chemical Weapons Squire Patton Boggs (US) LLP
Mar
6
2015
Financial Action Task Force Publishes Updated List of Deficient Jurisdictions Katten
Dec
29
2017
FinCEN Issues Final Rule Further Restricting North Korean Access to the US Financial System Squire Patton Boggs (US) LLP
Jun
13
2023
Florida Governor Signs Law Restricting Investment by Certain Foreign Entities and Individuals Greenberg Traurig, LLP
Jul
26
2017
HMRC Publishes Advisory Notice on Money Laundering and Terrorist Financing Controls in Overseas Jurisdictions Squire Patton Boggs (US) LLP
Aug
1
2017
In the Chaos of (Trade) War, Where Does Your Company Find Peace? Sheppard, Mullin, Richter & Hampton LLP
Aug
30
2022
In the Interest of National Security – Two New DFARS Rules Reinforce Increased Scrutiny For Chinese-Origin Supply Chains Sheppard, Mullin, Richter & Hampton LLP
Mar
22
2016
Increased Sanctions on North Korea Focus on China and Russia Holland & Hart LLP
Dec
13
2023
International Trade, Enforcement & Compliance Recent Developments Update (December 13, 2023) Foley & Lardner LLP
Nov
29
2023
International Trade, Enforcement & Compliance Recent Developments Update (November 29, 2023) Foley & Lardner LLP
Oct
25
2023
International Trade, Enforcement & Compliance Recent Developments Update (October 25, 2023) Foley & Lardner LLP
Aug
31
2021
Legislatures Can Free App Developers from Platform Providers’ Mandates to Use Their In-App Purchasing Systems Without Violating WTO Principles Sheppard, Mullin, Richter & Hampton LLP
 

NLR Logo

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins

 

Sign Up for e-NewsBulletins