Morning Star.png S Korea, Japan, USA, Self-Mutilate over DPRK Satellite Lose-lose game of beggar-my-neighbour follows US rage-fit The Morning Star, London, 11 February 2016 South Korea and Japan imposed fresh sanctions on the Democratic People’s Republic of Korea (DPRK) yesterday over its satellite launch on Sunday. And the US Senate was expected to follow suit with financial sanctions in a vote late yesterday. Seoul said it would shut down operations at the industrial park in the border city of Kaesong — a landmark joint project with Pyongyang. South Korean Unification Minister Hong Yong Pyo said at a news conference that the suspension of operations would stop the North from using hard currency earned there to develop nuclear and missile technology. The park, which started producing goods in 2004, has provided 616 billion won (£360 million) of cash to DPRK, Mr Hong said. “It appears that such funds have not been used to pave the way to peace as the international community had hoped, but rather to upgrade its nuclear weapons and long-range missiles,” he said at the televised briefing. Workers, families hit There was no immediate reaction to the move from DPRK. South Korean businesses at the park expressed anger at the decision. Fashion firm Ilsung Leports chairman Lee Eun Haeng said companies were “victims” of politics. “There are hundreds of thousands of South Korean workers and families who rely on the Kaesong park for their living,” he said. “They have become jobless overnight.” In Japan, Chief Cabinet Secretary Yoshihide Suga said his government would impose sanctions including expanded restrictions on travel between the two countries and a complete ban on visits by DPRK ships to Japanese ports. He said the sanctions would be approved by the cabinet later and would also require legislative changes in parliament. Meanwhile a report for the UN Security Council by a panel of experts — leaked to the Associated Press — complained that the four existing sanctions resolutions were having little effect due to “the low level of implementation” by the 193 UN member states. The panel said reasons included “lack of political will” and “low prioritisation.” The report and its conclusions “raise important questions about the overall efficacy of the sanctions regime,” it said. From: <http://www.morningstaronline.co.uk/a-0ca9-North-Korea-Pyongyang-hit-with-fr esh-sanctions-over-launch-of-satellite#.VrwKK_l9600> http://www.morningstaronline.co.uk/a-0ca9-North-Korea-Pyongyang-hit-with-fre sh-sanctions-over-launch-of-satellite#.VrwKK_l9600 -- -- You are subscribed. This footer can help you. Please POST your comments to [email protected] or reply to this message. You can visit the group WEB SITE at http://groups.google.com/group/yclsa-eom-forum for different delivery options, pages, files and membership. To UNSUBSCRIBE, please email [email protected] . You don't have to put anything in the "Subject:" field. You don't have to put anything in the message part. All you have to do is to send an e-mail to this address (repeat): [email protected] . --- You received this message because you are subscribed to the Google Groups "YCLSA Discussion Forum" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
