United States and Republic of Korea Unite to Counter Illicit Activities of the Democratic People’s Republic of Korea
In a resolute display of commitment, the United States and the Republic of Korea have joined forces to combat the Democratic People’s Republic of Korea’s (DPRK) illicit activities aimed at generating revenue through unlawful means. These activities include stealing funds from global financial institutions and engaging in malicious cyber operations.
Today, the U.S. Department of the Treasury announced the imposition of sanctions on four entities and one individual directly involved in illicit revenue generation and cyber activities. The DPRK has been actively conducting cyber attacks and employing IT workers overseas who fraudulently secure employment, thereby generating revenue to support the Kim regime.
The DPRK’s extensive illicit cyber operations and exploitation of IT workers pose a significant threat to international security. The revenue obtained through these activities directly contributes to funding the DPRK regime’s unlawful weapons of mass destruction (WMD) and ballistic missile programs.
This joint action by the United States and the Republic of Korea underscores their shared determination to hold the DPRK regime accountable for its actions. The Republic of Korea is simultaneously imposing sanctions on one entity and one individual associated with overseas DPRK IT workers as part of this coordinated effort.
The measures taken by the U.S. Department of the Treasury today align with the recent designations made by the Republic of Korea, targeting three entities involved in cyber operations and illicit revenue generation that directly support the DPRK’s WMD programs.
The United States and the Republic of Korea stand firm in their resolve to counter the DPRK’s illicit activities and safeguard global security. This collaborative approach serves as a stern message to the DPRK regime that their actions will not go unchecked.
By taking joint action against the DPRK’s illicit revenue generation, the United States and the Republic of Korea are actively working to disrupt the channels through which the regime funds its dangerous pursuits.
Stay tuned for further updates on the progress of these joint efforts as the United States and the Republic of Korea continue to hold the DPRK accountable for its actions and work towards ensuring peace and stability in the region.