| ID | 153510 |
| Title Proper | North Korea’s financial transactions and policy implications |
| Language | ENG |
| Author | Seung Ho Jung and Dong Hyun Lee ; Jung, Seung Ho ; Lee, Dong Hyun |
| Summary / Abstract (Note) | This study investigates North Korea’s method of circumventing financial sanctions
based on a survey of 100 Chinese firms engaged in trade with North Korea, as
well as in-depth interviews with high-ranking North Korean defectors who have
professional experiences in the financial sector. Survey results indicate that North
Korea still prefers dollar–based financial transactions in trade settlements of a
certain size. In addition, this study categorizes North Korea’s circumventing
financial transactions by five methods: transactions via bank accounts under
borrowed names, cash depositories, paper companies, joint-venture banks, and
embassies. Lastly, this research presents policy implications to enhance the
effectiveness of financial sanctions. |
| `In' analytical Note | Korean Journal of Defence Analysis Vol. 29, No.2; Jun 2017: p.175－193 |
| Journal Source | Korean Journal of Defence Analysis Vol: 29 No 2 |
| Key Words | North Korea ; Nuclear Weapons Program ; Financial Sanctions |