Seoul, Feb 25 (IANS) – A South Korea-based company, Daesung International Trading, is currently under investigation by authorities for its alleged connection to Russia after being sanctioned by the US. The company, located in Gimhae, was added to an export restriction list by the US Commerce Department.
A Foreign Ministry official stated that they shared information with the US and are conducting an investigation. The South Korean government plans to work closely with Washington and other nations to implement sanctions against Russia. The head of Daesung International Trading is reported to be a Pakistani national.
South Korea’s Trade Ministry and customs agency are investigating the company for any law violations, such as the Foreign Trade Act. They will punish and sanction the company if any breaches are found. The US sanctions come on the anniversary of Russia’s invasion of Ukraine and the death of opposition leader Alexei Navalny.
