South Korea announces sanctions against North Korea in response to Pyongyang's cryptocurrency theft and other illegal cyber activities. Reported by Yonhap.

South Korea has decided to impose its own sanctions on four North Korean tech experts and seven organizations of the General Intelligence Agency (RGB), the country's military intelligence agency, involved in cryptocurrency theft and cyberattacks, according to South Korea's Foreign Ministry..

North Korea is suspected of stealing cryptocurrencies to finance nuclear and missile programs, which are apparently developing. North Korea accused of stealing $400 million worth of cryptocurrency in 2021, according to UN Security Council report.

Seoul's New Sanctions Become South Korea's First Independent Restrictions on Illegal Cyber \u200b\u200bActivities Against North Korea.

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Sanctioned entities include the Lazarus Group, which stole nearly $620 million from the online game Axie Infinity in one of the biggest cyber-theft incidents of 2022, as well as Bluenoroff and Andariel..

The ministry said the sanctions are expected to draw attention to the risks of trading with blacklisted individuals and raise international awareness.

South Korean Foreign Minister Park Jin said earlier this month that Seoul and Washington will work to "

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Earlier it was reported that South Korea had added 15 people and 16 North Korean institutions to its "

The sanctions list includes officials of firms and organizations associated with the North Korean missile program, as well as those involved in the procurement of weapons of mass destruction..