More than 10 N. Korean firms likely to face U.N. sanctions

SEOUL, April 14 (Yonhap) -- South Korea, the U.S, and Japan have agreed to propose that more than 10 North Korean companies be subject to U.N. sanctions under a 2006 resolution, a diplomatic source here said.

"South Korea, the U.S., and Japan have consulted on the list and agreed to submit
the names of more than 10 firms to a sanctions committee of the U.N. Security
Council," the source said.
In response to North Korea's latest rocket launch earlier this month, the
15-member council issued a presidential statement that calls for the
implementation of Resolution 1718 aimed at imposing a wide range of sanctions on
North Korean entities and goods. The resolution was adopted in 2006 after the
North's missile and nuclear tests but it remained dormant largely amid
international efforts to denuclearize the communist nation.
The statement requires the sanctions committee to draw up a related list by April
24 for full-fledged sanctions.
The source said North Korean firms to be affected will include Korea Mining and
Development Corporation (KOMID), Moksong Trading Corporation and Sino-Ki, all of
which are already under U.S. sanctions for their involvement in the proliferation
of weapons of mass destruction.