Listeners to our webinar on Wednesday will recall the
discussion of the sanctions in play against the Democratic
People’s Republic of Korea (DPRK, also known as North Korea).
Of particular interest to the global business community had been
the forthcoming summit between President Trump of the United States
and Kim Jong Un, Leader of the DPRK, set to take place on 12 June
in Singapore. The world was watching to see if, and how, this
summit would affect North Korea's position in the world and in
particular whether it might herald any changes in the significant
sanctions in place against it.
President Trump yesterday cancelled that meeting, stating that
it is "inappropriate" in the current circumstances. This
announcement comes the same day that the DPRK invited the
world’s media to watch the apparent destruction of its
nuclear weapons development site at Punggye-ri. Immediately after
pulling out of the meeting with North Korea, President Trump said
that the United
