North Korean leader Kim Jong Un - Reuters
SEOUL - 22 September 2017: South Korea on Friday welcomed the United States' adoption of fresh sanctions on North Korea and vowed to pile further pressure on the communist country if it continues its provocations.
The Ministry of Foreign Affairs said in a press release that the latest US executive order is expected to be added to joint efforts by South Korea and the US along with the international community to bring North Korea to the path of denuclearization through strong sanctions and pressure", Yonhap News Agency reported.
"As long as North Korea continues its provocations, South Korea will keep considering various actions in cooperation with the US to intensify international pressure on North Korea," the ministry stated.
US President Donald Trump announced Thursday that he signed a new executive order that would significantly expands the US authorities to target individuals, companies and financial institutions that finance and facilitate trade with North Korea.
The fresh sanctions allow the government to cut access to the American financial system of any foreign financial company that conducts business with North Korea.
The US also expanded the blacklist of individuals and entities that do business with North Korea in the construction, energy, finance, fishery and information technology sectors.
According to the new sanctions, vessels and aircraft that have visited North Korea in the past 180 days are prohibited from entering the US.
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