Seoul Considers Sanctions on North Korea Following US Crypto Crackdown

South Korea is contemplating adjustments to its sanctions against North Korea in response to a recent U.S. crackdown on the country's cryptocurrency theft operations, which have allegedly financed nuclear weapons programs. Vice Foreign Minister Kim Ji-na emphasized the importance of U.S.-South Korea coordination to address the digital threats posed by North Korea. This consideration follows U.S. sanctions targeting eight individuals and two entities linked to North Korea's illicit activities, which have reportedly facilitated the theft of $2.84 billion in cryptocurrency since January 2024. Analysts suggest that North Korea's cyber-attacks could represent an ongoing challenge, with the potential for further sanctions reflecting an attempt to curb North Korean aggression. Kim indicated that any review of South Korea's sanctions would be context-driven and rely heavily on collaboration with U.S. authorities. This dialogue underscores the urgency of international responses to North Korea's activities, particularly concerning the financing of its weapons programs through cybercrime.

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