Japan freezes assets of N. Korea entity over weapons development

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.