Want China Times
Date: 2015-06-27
By: CNA
Three Taiwanese businesspeople, three Taiwanese firms and a Syrian company have been
An anti-aircraft artillery competition in North Korea, June 18. (File photo/Xinhua) An anti-aircraft artillery competition in North Korea, June 18. (File photo/Xinhua)
listed by the South Korean government as subjects of financial sanctions, for their involvement in arms trading with North Korea.
According to reports in the South Korean media, the Taiwanese and Syrian businesspeople had earlier been sentenced to prison terms in the United States while the companies faced sanctions.
One of the Taiwanese businesspeople, Tsai Hsien-tai, pleaded guilty in a US Federal Court in Chicago last October and admitted to having engaged in illegal business transactions involving the export of goods and machinery originating from the United States.
The South Korean government also decided to impose sanctions against Tsai as well as two other persons closely connected to him in the weaponry dealings. It also slapped sanctions on Taiwanese companies Global Interface Company and Trans Merits Company, for their involvement in the case, according to the media reports. [FULL STORY]
