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South Korean Companies Accused of Illegally Importing Coal From North [The New York Times]

Korea Electric Power Corp (KEP)  More Company Research Source: The New York Times
PDF Image Coal at a North Korean port last year. The United Nations has barred all member nations from importing North Korean coal. Credit Ed Jones/Agence France-Presse — Getty Images By Choe Sang-Hun Aug. 10, 2018 SEOUL, South Korea — More than 33,000 tons of North Korean coal was illegally imported to South Korea last year in violation of United Nations and other sanctions, the South Korean government said Friday. A government customs agency, the Korea Customs Service, asked prosecutors to indict the heads of three South Korean companies that transport coal. It said the companies imported the North Korean coal, totaling $5.8 million in value, between April and October of last year, and it accused them of falsifying documents to indicate that the coal was of Russian origin. The owners of 14 ships involved in transporting the coal from North Korea to ports in the Russian Far East, and from there to South Korea, could also face penalties under United Nations sa [Read more]

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