Call for Another Chinese Firm to Be Probed for N.Korea Deals

  • By Lee Kil-seong

    October 06, 2016 12:04

    Radio Free Asia on Wednesday quoted sources as calling for a thorough probe of the Chinese corporation that imports the most minerals from North Korea.

    The sources said the most egregious violator of sanctions is not Hongxiang Industrial Development Co., which has been blacklisted by the U.S. recently, but Wanxiang Group.

    Earlier reports have claimed that Hongxiang is responsible for the bulk of China's trade with the North, but a North Korean mining source said it only imports a fraction of the minerals from North Korea that a Wanxiang affiliate has been importing.

    Wanxiang is China's largest automobile parts company based in Hangzhou, Zhejiang Province.

    A source in China told RFA that despite a high-profile Chinese probe of Hongxiang for illegal transactions with Pyongyang, Hongxiang does not do much business with the North. Instead, Chinese authorities used it as a scapegoat to save other Chinese corporations that are dealing with the North, the source added.

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