By: Y. C. Chiang and Lillian Lin
Seoul, June 26 (CNA) Three Taiwanese businessmen, three Taiwanese firms, and a Syrian company have been listed by the South Korean government as subjects of financial sanction, for their involvement in arms trade with North Korea.
According to reports in South Korean media, the Taiwanese and Syrian businessmen have earlier been sentenced to prison terms in the United States while the companies had faced sanctions.
One of the Taiwanese businessmen, Tsai Hsien-tai, had pleaded guilty in a U.S. 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. [FULL STORY]