Businesses targeted with US sanctions over their ties to North Korea are continuing to operate in Hong Kong despite growing pressure for the Chinese territory to curb trade with the Kim Jong Un regime.
An FT investigation into groups and people singled out for sanctions by the US Treasury’s Office of Foreign Assets Control reveals they have maintained at least 16 registered companies in the semi-autonomous Chinese territory.
Their continued existence is likely to add to calls for the Chinese territory to join other jurisdictions in cutting trade ties with Pyongyang, which has drawn international condemnation this year over its escalating nuclear and missile programmes.
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