North Korea: Overseas Companies

(asked on 21st March 2016) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask Her Majesty’s Government, further to the Written Answer by the Minister of State for the Foreign and Commonwealth Office, Mr Hugo Swire, on 25 February (HC27825), whether UK companies that operate in the Democratic People’s Republic of Korea must demonstrate that the funds used do not contribute to that country’s nuclear and ballistic missile programme or its human rights violations; and whether the UK Government must investigate the final destinations of UK company funds in that country.


This question was answered on 5th April 2016

UK companies have a legal obligation to comply with UN and EU sanctions measures, including those on the Democratic People’s Republic of Korea. The Treasury is responsible for the implementation and administration of international financial sanctions in effect in the UK, and works with law enforcement agencies to enforce these measures.

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