Seoul Bankers Will Wait Until Sanctions Are Dropped Before Doing Business with North Korea
|It looks like the leaders of South Korea’s banks are not about to break sanctions like the Moon administration has been pushing them to do:
South Korea will open bank branches in North Korea only after international sanctions are lifted in return for irreversible steps by the North to dismantle its nuclear weapons program, the top financial regulator here said Friday.
Choi Jong-ku, chairman of the Financial Services Commission (FSC), told a parliamentary audit meeting that Seoul has not discussed cooperation with North Korea in the financial sector.
“Opening bank branches in North Korea will be possible only after conditions are met,” Choi said. [Yonhap]
You can read more at the link.
they will all get arrested in some union labor action and replaced with commie party stooges.
Comrade Moon Pie will be vewy, vewy angry with the banks that obey the law and not Comrade Moon Pie…and boy will Kim Fatty the Third be pissed off.
I expect Mr. Choi to be fired soon for evils of the past and replaced by a Commie Stooge.
If they don’t go along with Moon. Expect them to see corruption charges or some kind of charges leveled against them. At the very least, they will be facing tax audits and other harassments.
Moon doesn’t really want to irritate the international banking community… He really doesn’t…