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Chinese-North Korean Venture Shows How Much Sanctions Can Miss
State-owned Chinese firm and a blacklisted North Korean company had a partnership for nearly a decade to mine for minerals useful in missile production; Chinese firm says it never did much
By Jeremy Page and
May 7, 2017 5:06 p.m. ET
DANDONG, China—For most of the past decade, a Chinese state-owned company had a joint venture with a North Korean company under sanctions for involvement in Pyongyang’s atomic-weapons program, Chinese corporate and government records show.
China’s Limac Corp. and North Korea’s Ryonbong General Corp. set up a joint venture in 2008 to mine tantalum, niobium and zirconium, minerals that are useful in making phones and computers but also...
READ MORE: https://www.wsj.com/articles/chinese-north-korean-venture-shows-how-much-sanctions-can-miss-1494191212
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