Seoul, US pledge to step up efforts to cut off illicit funds to NK weapons program

• Published date: 09 March 2023
• Publication title: The Korea Times

South Korea and the United States have agreed to intensify their joint efforts to cut off illicit funds being funneled to North Korea's nuclear and missile development programs, the South Korean foreign ministry said Wednesday.

The agreement came in the third U.S.-South Korea working group meeting on North Korean cyber threats held here in Washington on Tuesday.

"South Korea and the U.S. discussed concrete ways to block North Korea's illicit cyber activities such as cryptocurrency heist and overseas deployment of North Korean information technology (IT) workers that have become a major source of hard currency for the North Korean regime," the foreign ministry said of the meeting in a press release.

"The two sides reviewed various ways such as expanding private-public sector cooperation, imposing...