UK freezes assets of North Korean company based in south London
(The Guardian North Korea)

Move follows similar action in Germany over claims insurance firm funnelled money to nuclear weapons programmeThe UK has frozen the assets of a North Korean company based in south-east London after claims it funnelled cash to Pyongyang´s nuclear weapons programme.The Korea National Insurance Corporation (KNIC) is registered at a property in Blackheath. The EU has already impose sanctions against the company, which it describes as `generating substantial foreign exchange revenue which is used to support the regime in North Korea`. The move by Brussels followed an UN resolution. Continue reading...