글로벌 공급망 재편과 대북제재 컴플라이언스(compliance)

Abstract

Is North Korea an exception to our economic security targets? Reorganizing the global supply chain is a global issue that no country can avoid, and it is also a significant challenge for North Korea. Normally, North Korea has a closed and isolated economic structure, so it can be considered an exception to global economic issues. However, although the trade volume is minimal and the country is highly dependent on China, North Korea also engages in trade and its foreign trade has been on the rise after the COVID-19 pandemic. In addition, if the influx of luxury goods prohibited by sanctions against North Korea occurs through laundering in overseas markets, no states guarantee that it may free from involving an unintentional violation of sanctions. When doing business with a country that is conducting trade with North Korea, great care must be taken to ensure that the goods are not ultimately transferred to North Korea. In particular, China accounts for 19.7% of Korea's trade volume and maintains its status as Korea's No. 1 trading partner, and North Korea shows a 96.7% trade dependence on China, so no one can secure the in-case possibility of unintentional transferring South Korea’s product to North Korea does not happen. Sincere care must be taken not to become involved in destination issues. In addition, although the amount is small, advance preparation and inspection are required to avoid involvement in unsavory secondary sanctions related to North Korea, which is expanding trade with Vietnam, Argentina, Nigeria, Netherlands, Ethiopia, India, Bangladesh, Spain, and Hong Kong in addition to China. To prevent any emergency from occurring, sanctions compliance education and programs must be strengthened and understanding further improved.