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Japan freezes assets of N. Korea entity over weapons development

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(Globalpost/GlobalPost)

Japan said Friday it will freeze the assets, effective the same day, of a North Korean entity in line with a U.N.-mandated sanction against Pyongyang for its nuclear weapons and ballistic missile development.

Japan took the measure after Ocean Maritime Management Co. was included in late July in a list of companies and individuals subject to asset freezes and other penalties based on U.N. Security Council Resolution 1718.

A U.N. committee that oversees sanctions against North Korea said the Pyongyang-based company played a key role in arranging the shipment of a concealed cargo of arms and related materiel from Cuba to North Korea.

==Kyodo

http://www.globalpost.com/dispatch/news/kyodo-news-international/140815/japan-freezes-assets-n-korea-entity-over-weapons-devel