BREAKING NEWS

Report: US to go for own sanctions on North Korea

The United States has told South Korea that it will impose its own financial sanctions on the North apart from punishments the UN has been mulling for Pyongyang's latest nuclear test, a news report said Friday. The US sanctions call for blacklisting foreign financial institutions that help the North launder money and conduct other dubious deals, the South Korean Chosun Ilbo newspaper reported. US Deputy Secretary of State James Steinberg briefed the South Korean president on the new sanctions at a meeting Thursday, the mass-market paper said, citing an unidentified official at the presidential office. The US Embassy in Seoul could not confirm the report.
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