Last week, the UN Security Council imposed new caps on trade with North Korea, including limiting oil product shipments to just 500,000 barrels a year. South Korea approves LG Display’s plan to build OLED factory in ChinaBeijing also imported no iron ore, coal or lead from North Korea in November, the second full month of the latest trade sanctions imposed by the UN. In March 2003, China suspended oil supplies to North Korea for three days after Pyongyang fired a missile into waters between the Korean Peninsula and Japan. Trade between North Korea and China has slowed through the year, particularly after China banned coal purchases in February. In November, China’s trade with North Korea totalled $388 million, one of the lowest monthly volumes this year.

Source: The Express Tribune December 26, 2017 09:22 UTC