US, partners target North Korea with sanctions following satellite launch

The U.S. Treasury Department in a statement said it also slapped sanctions on cyber espionage group Kimsuky, accusing it of gathering intelligence to support North Korea's strategic and nuclear ambitions. Thursday's action, taken in coordination with Australia, Japan and Korea, comes after North Korea last week successfully launched its first reconnaissance satellite, which it has said was designed to monitor U.S. and South Korean military movements.

The United States on Thursday targeted North Korea with fresh sanctions after its launch of a spy satellite last week, designating foreign-based agents it accused of facilitating sanctions evasion, including revenue and technology for its weapons of mass destruction program. The U.S. Treasury Department in a statement said it also slapped sanctions on cyber espionage group Kimsuky, accusing it of gathering intelligence to support North Korea's strategic and nuclear ambitions.

Thursday's action, taken in coordination with Australia, Japan and Korea, comes after North Korea last week successfully launched its first reconnaissance satellite, which it has said was designed to monitor U.S. and South Korean military movements. "Today's actions by the United States, Australia, Japan, and the Republic of Korea reflect our collective commitment to contesting Pyongyang's illicit and destabilizing activities," Treasury's Under Secretary for Terrorism and Financial Intelligence, Brian Nelson, said in the statement.

"We will remain focused on targeting these key nodes in the DPRK's illicit revenue generation and weapons proliferation," Nelson added, calling North Korea by the initials of its official name, the Democratic People's Republic of Korea.

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