(MENAFN- Kuwait News Agency (KUNA)) TOKYO, July 1 (KUNA) -- The latest international sanctions on North Korea have had an adverse impact on Pyongyang''s exports of natural resources and weaponry, South Korea''s state intelligence agency said Friday.
According to Yonhap News Agency, North Korea''s exports of coals and weaponry plunged 40 percent and 88 percent on-year, respectively, after the international community rolled out economic sanctions on the regime, the National Intelligence Service said during a parliamentary meeting.
The spy agency was also quoted as saying by the parliament''s intelligence committee that North Korea sold the right to fish in its waters to China in an estimated deal worth USD 30 million this year. But the agency said it believes the sanctions haven''t affected the financial sector that much. It also said the North is expected to continue to test-fire missiles and use any successes as propaganda to boost the Kim Jong-un regime.
In the latest test fire of an intermediate-range ballistic missile last month, one of the two missiles that were launched reached an altitude exceeding 1,000 kilometers and flew some 400 km before hitting the East Sea. (end) mk.gta