Bill on “Request for approval of measures to impose approval obligations on the export of goods destined for North Korea and the import of goods originating or shipped from North Korea, pursuant to the provisions of Article 10, Paragraph 2 of the Foreign Exchange and Foreign Trade Act.”

The "Bill on Request for approval of measures to impose approval obligations on the export of goods destined for North Korea and the import of goods originating or shipped from North Korea, pursuant to the provisions of Article 10, Paragraph 2 of the Foreign Exchange and Foreign Trade Act." has been Approved by the House of Representatives on 04/18/2023. The bill aims to regulate exports and imports related to North Korea under Article 10, Paragraph 2 of the Foreign Exchange and Foreign Trade Act. This measure will likely impact businesses involved in international trade with North Korea, requiring them to obtain approval for such transactions.