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Hong Kong companies paid $45 million for oil delivered to North Korea: Report


An upcoming U.N. report shows that a Taiwanese firm with alleged ties to major regional oil trader Winson Group received over $45 million for refined petroleum bound for North Korea, pushing forward an ongoing investigation into how the country imports oil. 

The transfers, which took place between Sept. 2019 and Aug. 2020, are detailed in an annex of a U.N. Panel of Experts draft report on North Korea seen by NK News. A series of bank receipts shows that four Hong Kong-registered companies — Hong Kong Stu Group Company Ltd., Wanhr Trading Ltd., Yield Gold Ltd. and Zfullboto Co. Ltd. — wired $45 million to the Taiwanese firm Sino Global Trade Co. Ltd. during that time.



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