North Korea

North Korea, known as the Democratic People’s Republic of Korea, is a sovereign state in East Asia. Its capital of  Pyongyang, is the largest and most populous in the country. The country is separated by South Korea by the heavily fortified  Korean Demilitarized Zone (DMZ). The country considers itself a self-reliant socialist state, holding formal government elections. The Workers Party of Korea (WPA) is currently led by the country’s ruling family. A majority of industries including healthcare, food production, education, and housing, are government-run, and subsidized for families in the country.

The country follows the Songun, “Military First” policy to governance. With over 1.2 million active duty members, the nation has the fourth largest military in the world. It possesses a great deal of nuclear weapons, and the country’s ruler has threatened use on numerous occasions. Human rights violations have been assessed by numerous international organizations, as the country operates re-education and prison camps, which are used to segregate individuals who are viewed as “enemies” of the country.

The government is run as a highly-centralized, one party state. In addition to its constitution the country is governed by the "Ten Principles of the One-Ideology System". The WPK has approximately 3 million members, and operates all facets of the country’s government and political systems. Kim Jung-Un, who is the current leader of the Kim-dynasty is leader of the WPK; he is the first secretary, Supreme Commander of the Army, and Chairman of State Affairs. The Kim-Dynasty has been in power in the country since 1948.

The country possesses nuclear weapons and a stockpile of chemical weapons which are estimated to amount to 2,500–5,000 tons. These weapons contain nerve, blister, blood, and vomiting agents. The country also cultivates and produces chemical weapons which are capable of causing anthrax, smallpox, and cholera. Because of nuclear and test missiles, the country has been  sanctioned under United Nations Security Council resolutions. Shortage of digital command and obsolete equipment, do however hinder the massive military forces in North Korea.

Since the 1940s the country has maintained one of the most closed and centralized economies in the world. Long-term growth is greatly impeded by the lack of transportation, energy, and skilled-labor to meet the country’s economic goals. In 2012, the country’s gross-national income per capita was only $1523 in comparison to that of South Korea, which was $28,430. The country’s economy is heavily centralized, with subsidies in food and housing.

The National Law Review covers details about US and international sanctions against North Korea, international and foreign relations, restrictions on the use of international financial institutions, import and export, CFIUS and merger/acquisition deals. The National Law Review covers the latest stories related to nuclear warfare, government relations, international relations, and how the country’s decisions affect the US and other countries around the world.

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Oct
8
2020
New Antidumping Duty Petitions on Thermal Paper From Germany, Japan, Korea and Spain Faegre Drinker
Feb
20
2019
New Antidumping Petition on Acetone from Belgium, Korea, Saudi Arabia, Singapore, South Africa and Spain Faegre Drinker
Oct
17
2017
New Executive Order Extends Reach of North Korea Sanctions to Foreign Businesses Wiggin and Dana LLP
Jan
15
2019
New Year Sanctions Roundup: Where Do We Stand? Sheppard, Mullin, Richter & Hampton LLP
May
16
2017
North Korea Now Suspected in Ransomware Attack Risk and Insurance Management Society, Inc. (RIMS)
Sep
14
2017
North Korea Sanctions Continue to Intensify Sheppard, Mullin, Richter & Hampton LLP
Jul
13
2016
North Korea Sanctions, TTIP Negotiation: Trade Talk Week in Review Squire Patton Boggs (US) LLP
Jan
23
2018
North Korea, South Korea and the Olympic Games Squire Patton Boggs (US) LLP
Jun
8
2018
North Korean Cyberattacks Increase Ahead of Summit K&L Gates
Feb
15
2018
OFAC Announces New North Korea-Related Designations Squire Patton Boggs (US) LLP
Sep
15
2022
OFAC Offers Guidance in the Wake of Tornado Cash Sanctions Dinsmore & Shohl LLP
Feb
15
2018
OFAC Releases CAATSA Reports to Congressional Committees Squire Patton Boggs (US) LLP
Dec
4
2023
OFAC Sanctions Crypto Mixer Following Allegations of Laundering Funds to North Korea Sheppard, Mullin, Richter & Hampton LLP
Sep
26
2017
President Trump Orders Enhanced Visa and Travel Restrictions Morgan, Lewis & Bockius LLP
Sep
26
2017
President Trump Replaces Expired Travel Ban With New Restrictions on Eight Countries Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
Apr
22
2021
Privacy Tip #281 – Preparing for Cyber Warfare: A Survival List Robinson & Cole LLP
Dec
21
2020
RCEP: Boosting Value Chains and Facilitating Trade Flows K&L Gates
Jul
8
2022
Reverse CFIUS? S∩IℲƆ? New Outbound Investment Review Process Becoming More Likely Sheppard, Mullin, Richter & Hampton LLP
Oct
31
2017
Sad Tale of a Trademark Fail Sterne, Kessler, Goldstein & Fox P.L.L.C.
Feb
5
2017
South Korea and Japan Announce New Sanctions on North Korea Squire Patton Boggs (US) LLP
Jun
26
2018
Supreme Court Upholds Travel Ban 3.0 Jackson Lewis P.C.
Mar
15
2017
Tensions Heighten on the Korean Peninsula Covington & Burling LLP
Mar
3
2016
The Day of North Korea Sanctions: the UN Imposes the Toughest North Korea Sanctions Yet While OFAC and State Designate More North Korean Entities Sheppard, Mullin, Richter & Hampton LLP
Jan
15
2015
The First Law of International Dynamics: Sanctions May Be Transformed But Never Created or Destroyed Sheppard, Mullin, Richter & Hampton LLP
Feb
12
2018
The Hague System for the Registration of International Design Rights Welcomes Russia Sterne, Kessler, Goldstein & Fox P.L.L.C.
Sep
20
2018
The Olympic Games: An Architect of Peace for the Korean Peninsula? Squire Patton Boggs (US) LLP
Sep
25
2017
Third Time is the Charm?: New Presidential Proclamation Replaces Expiring Portions of Travel Ban Squire Patton Boggs (US) LLP
Jun
7
2016
Trade Talk – North Korea, Money Laundering, TPP (31 May – 3 June) Squire Patton Boggs (US) LLP
Sep
16
2016
Trade Talk: Week in Review (6-11 September 2016): JASTA; North Korea Nuclear Test; TPP Support Lack Squire Patton Boggs (US) LLP
Mar
15
2018
Travel Ban 3.0 Updated: DOS Waiver Process Jackson Lewis P.C.
Sep
29
2017
Travel Ban Expires, Replaced by Presidential Proclamation Restricting Travel for Certain Nationals of Chad, Iran, Libya, North Korea, Syria, Venezuela, Yemen, and Somalia Dickinson Wright PLLC
Oct
3
2017
Travel Ban, Take 3 Womble Bond Dickinson (US) LLP
Sep
25
2017
Trump Issues Country-Specific Travel Ban Jackson Lewis P.C.
Jan
3
2019
Two More Cyber Attacks Reported – Ransomware Suspected at Several Major News Organizations and Hackers Threaten to Release 9/11 Insurance and Litigation Files Robinson & Cole LLP
Sep
28
2016
U.S. Department of Justice and OFAC Take Action Against Chinese Network of Alleged Sanctions Evaders Holland & Hart LLP
 

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