President Obama Imposes Sanctions on North Korea

President Obama Imposes Sanctions on North Korea


President Obama has imposed more sanctions on North Korea following massive cyber attack targeting Sony Pictures Entertainment. The Obama Administration has said that North Korea is responsible for the “destructive, coercive cyber-related actions during November and December 2014” and in the order issued on Friday, January 2 they call the country “continuing threat to the national security, foreign policy and economy of the United States.”

The order authorizes the Treasury Department to deny access to the U.S. financial system, prohibit transactions and freeze assets by certain officials, entities of the DPRK and people who support them. The Treasury Department already pocketed three entities and ten individuals on its list which include the spy agency Reconnaissance General Bureau, arms dealer Korea Mining Development Trading Corp. and defense research arm Korea Tangun Trading Corp.

Sony Pictures Entertainment is the distributor of “The Interview”, a comedy which centers on two TV journalists (played by Seth Rogen and James Franco) who are sent to assassinate North Korea’s leader Kim Jong-Un. North Korea has denied their involvement in the cyber attack.

An official, meanwhile, has denied theories doubting North Korea’s involvement in the attack. As quoted by ABC News, the official says the U.S. is “very confident in the attribution.”

Happenings Media