www.wsj.com Open in urlscan Pro
2600:9000:223c:ee00:3:4b0:de80:93a1  Public Scan

URL: https://www.wsj.com/articles/opaque-joint-ventures-help-north-korea-evade-crackdown-1515931201
Submission: On February 09 via api from SG — Scanned from DE

Form analysis 1 forms found in the DOM

#

<form action="#" class="style--search-form-hI0pb2JfplZrewKUN--51 " role="search"><input id="searchInput" class="style--wsj-search-input-GNMy8Q5kg9IYwJKXYfIMm " placeholder="Enter News, Quotes, Companies or Videos" type="search"
    aria-label="Search the Wall Street Journal" tabindex="-1"><button class="style--search-submit-2EFgMYmHzRT8YBR7BYrV6G " aria-label="Submit Button" value="Search" type="submit" tabindex="-1" disabled="">Search <svg width="24" height="24"
      viewBox="0 0 24 24">
      <defs>
        <path id="search-medium_svg__a" d="M10.5 2a7.5 7.5 0 015.645 12.438l5.365 5.365-.707.707-5.365-5.365A7.5 7.5 0 1110.5 2zm0 1a6.5 6.5 0 100 13 6.5 6.5 0 000-13z"></path>
      </defs>
      <use fill="currentColor" fill-rule="evenodd" xlink:href="#search-medium_svg__a"></use>
    </svg></button></form>

Text Content

Skip to Main ContentSkip to SearchSkip to...
Select
 * Listen to Article
 * What To Read Next
 * Opinion Editor's Picks
 * Sponsored Offers
 * Most Popular Articles
 * Most Popular Opinion
 * Opinion Editor's Picks
 * Recommended Videos

Dow Jones, a News Corp companyAbout WSJ
 * News Corp is a global, diversified media and information services company
   focused on creating and distributing authoritative and engaging content and
   other products and services.
 * Dow Jones
   * Barron's
   * BigCharts
   * Dow Jones Businesses
   * Dow Jones Newswires
   * Factiva
   * Financial News
   * Mansion Global
   * MarketWatch
   * Newsmart
   * NewsPlus
   * Risk & Compliance
   * WSJ Live
   * WSJ Pro
   * WSJ Video
   * WSJ.com
 * News Corp
   * Avail
   * Business Spectator
   * HarperCollins Publishers
   * Housing
   * Makaan
   * New York Post
   * REA
   * realtor.com
   * Storyful
   * The Australian
   * The Sun
   * The Times
 * 


DJIA Futures34210 points with a0.63%▲
S&P 500 F4162.25 points with a0.77%▲
Stoxx 600464.05 points with a1.00%▲
U.S. 10 Yr7/32 Yieldwith a3.590%▲
Crude Oil78.59 points with a0.15%▲
Euro1.0760 points with a0.45%▲
The Wall Street Journal
SubscribeSign In
Special Offer
The Wall Street Journal
Save on a WSJ Membership
Trust your source. Trust your decisions. Subsribe today and save on a WSJ
membership.
Become a WSJ Member Today
Subscribe Now

English Edition
 * English
 * 中文 (Chinese)
 * 日本語 (Japanese)

Print Edition
Video
Podcasts
Latest Headlines

More
   Other Products from WSJ
 * Buy Side from WSJ
 * WSJ+
 * WSJ Shop
 * WSJwine

SubscribeSign In

 * Home
 * World
   
   REGIONS
   
    * Africa
    * Asia
    * Canada
    * China
    * Europe
    * Latin America
    * Middle East
   
   SECTIONS
   
    * Economy
   
   MORE
   
    * World Video

 * U.S.
   
   SECTIONS
   
    * Economy
    * Law
    * Politics
   
   MORE
   
    * U.S. Video
    * What's News Podcast

 * Politics
   
   MORE
   
    * Politics Video
   
   COLUMNS
   
    * Washington Wire

 * Economy
   
   WSJ PRO
   
    * Bankruptcy
    * Central Banking
    * Private Equity
    * Venture Capital
   
   MORE
   
    * Economic Forecasting Survey
    * Economy Video
   
   SECTIONS
   
    * Capital Account

 * Business
   
   SECTIONS
   
    * Management
    * Journal Reports
    * The Future of Everything
    * Obituaries
    * Tech/WSJ.D
   
   INDUSTRIES
   
    * Aerospace & Defense
    * Autos & Transportation
    * Commercial Real Estate
    * Consumer Products
    * Energy
    * Entrepreneurship
    * Financial Services
    * Food & Services
    * Health Care
   
    * Hospitality
    * Law
    * Manufacturing
    * Media & Marketing
    * Natural Resources
    * Retail
   
   C-SUITE
   
    * CFO Journal
    * CIO Journal
    * CMO Today
    * Logistics Report
    * Risk & Compliance
    * The Workplace Report
   
   COLUMNS
   
    * Heard on the Street
   
   WSJ PRO
   
    * Bankruptcy
    * Central Banking
    * Cybersecurity
    * Private Equity
    * Sustainable Business
    * Venture Capital
   
   MORE
   
    * Business Video
    * Business Podcast
    * Space & Science

 * Tech
   
   SECTIONS
   
    * CIO Journal
    * The Future of Everything
    * Personal Tech
   
   COLUMNS
   
    * Christopher Mims
    * Joanna Stern
    * Julie Jargon
    * Nicole Nguyen
   
   MORE
   
    * Tech Video
    * Tech Podcast

 * Markets
   
   SECTIONS
   
    * Bonds
    * Commercial Real Estate
    * Commodities & Futures
    * Stocks
    * Personal Finance
    * WSJ Money
    * Streetwise
    * Intelligent Investor
   
   COLUMNS
   
    * Heard on the Street
    * Greg Ip
    * Jason Zweig
    * Laura Saunders
    * James Mackintosh
   
   MARKET DATA
   
    * Market Data Home
    * U.S. Stocks
    * Currencies
    * Companies
    * Commodities
    * Bonds & Rates
    * Mutual Funds & ETFs
   
   MORE
   
    * CFO Journal
    * Markets Video
    * Your Money Briefing Podcast
    * Secrets of Wealthy Women Podcast
   
   Search Quotes and Companies
 * Opinion
   
   COLUMNISTS
   
    * Gerard Baker
    * Sadanand Dhume
    * James Freeman
    * William A. Galston
    * Daniel Henninger
    * Holman W. Jenkins
    * Andy Kessler
    * William McGurn
    * Walter Russell Mead
    * Peggy Noonan
    * Mary Anastasia O'Grady
    * Jason Riley
    * Joseph Sternberg
    * Kimberley A. Strassel
    * Allysia Finley
   
   MORE
   
    * Editorials
    * Commentary
    * Future View
    * Houses of Worship
    * Cross Country
    * Letters to the Editor
    * The Weekend Interview
    * Potomac Watch Podcast
    * Foreign Edition Podcast
    * Free Expression Podcast
    * Opinion Video
    * Notable & Quotable

 * Books & Arts
   
   REVIEWS
   
    * Film
    * Television
    * Theater
    * Masterpiece Series
    * Music
    * Dance
    * Opera
    * Exhibition
    * Cultural Commentary
    * Art
   
   SECTIONS
   
    * Arts
    * Books
   
   MORE
   
    * WSJ Puzzles
    * What To Watch

 * Real Estate
   
   SECTIONS
   
    * Commercial Real Estate
   
   MORE
   
    * Real Estate Video

 * Life & Work
   
   SECTIONS
   
    * Cars
    * Careers
    * Food & Drink
    * Home & Design
    * Ideas
    * Personal Finance
    * Recipes
    * Travel
    * Wellness
   
   COLUMNS
   
    * Your Health
    * Work & Life
    * Carry On
    * Bonds
    * Turning Points
    * On Wine
    * On The Clock
   
   MORE
   
    * WSJ Puzzles
    * Space & Science

 * Style
   
   SECTIONS
   
    * Lifestyle
    * Fashion
    * Film
    * Television
    * Music
    * Art & Auctions
   
   COLUMNS
   
    * My Monday Morning
    * Off Brand
    * On Trend

 * Sports
   
   SECTIONS
   
    * MLB
    * NBA
    * NFL
    * Golf
    * Tennis
    * Soccer
   
   COLUMNS
   
    * Jason Gay

Search
 * Home
 * World
   
   REGIONS
   
    * Africa
    * Asia
    * Canada
    * China
    * Europe
    * Latin America
    * Middle East
   
   SECTIONS
   
    * Economy
   
   MORE
   
    * World Video

 * U.S.
   
   SECTIONS
   
    * Economy
    * Law
    * Politics
   
   MORE
   
    * U.S. Video
    * What's News Podcast

 * Politics
   
   MORE
   
    * Politics Video
   
   COLUMNS
   
    * Washington Wire

 * Economy
   
   WSJ PRO
   
    * Bankruptcy
    * Central Banking
    * Private Equity
    * Venture Capital
   
   MORE
   
    * Economic Forecasting Survey
    * Economy Video
   
   SECTIONS
   
    * Capital Account

 * Business
   
   SECTIONS
   
    * Management
    * Journal Reports
    * The Future of Everything
    * Obituaries
    * Tech/WSJ.D
   
   INDUSTRIES
   
    * Aerospace & Defense
    * Autos & Transportation
    * Commercial Real Estate
    * Consumer Products
    * Energy
    * Entrepreneurship
    * Financial Services
    * Food & Services
    * Health Care
   
    * Hospitality
    * Law
    * Manufacturing
    * Media & Marketing
    * Natural Resources
    * Retail
   
   C-SUITE
   
    * CFO Journal
    * CIO Journal
    * CMO Today
    * Logistics Report
    * Risk & Compliance
    * The Workplace Report
   
   COLUMNS
   
    * Heard on the Street
   
   WSJ PRO
   
    * Bankruptcy
    * Central Banking
    * Cybersecurity
    * Private Equity
    * Sustainable Business
    * Venture Capital
   
   MORE
   
    * Business Video
    * Business Podcast
    * Space & Science

 * Tech
   
   SECTIONS
   
    * CIO Journal
    * The Future of Everything
    * Personal Tech
   
   COLUMNS
   
    * Christopher Mims
    * Joanna Stern
    * Julie Jargon
    * Nicole Nguyen
   
   MORE
   
    * Tech Video
    * Tech Podcast

 * Markets
   
   SECTIONS
   
    * Bonds
    * Commercial Real Estate
    * Commodities & Futures
    * Stocks
    * Personal Finance
    * WSJ Money
    * Streetwise
    * Intelligent Investor
   
   COLUMNS
   
    * Heard on the Street
    * Greg Ip
    * Jason Zweig
    * Laura Saunders
    * James Mackintosh
   
   MARKET DATA
   
    * Market Data Home
    * U.S. Stocks
    * Currencies
    * Companies
    * Commodities
    * Bonds & Rates
    * Mutual Funds & ETFs
   
   MORE
   
    * CFO Journal
    * Markets Video
    * Your Money Briefing Podcast
    * Secrets of Wealthy Women Podcast
   
   Search Quotes and Companies
 * Opinion
   
   COLUMNISTS
   
    * Gerard Baker
    * Sadanand Dhume
    * James Freeman
    * William A. Galston
    * Daniel Henninger
    * Holman W. Jenkins
    * Andy Kessler
    * William McGurn
    * Walter Russell Mead
    * Peggy Noonan
    * Mary Anastasia O'Grady
    * Jason Riley
    * Joseph Sternberg
    * Kimberley A. Strassel
    * Allysia Finley
   
   MORE
   
    * Editorials
    * Commentary
    * Future View
    * Houses of Worship
    * Cross Country
    * Letters to the Editor
    * The Weekend Interview
    * Potomac Watch Podcast
    * Foreign Edition Podcast
    * Free Expression Podcast
    * Opinion Video
    * Notable & Quotable

 * Books & Arts
   
   REVIEWS
   
    * Film
    * Television
    * Theater
    * Masterpiece Series
    * Music
    * Dance
    * Opera
    * Exhibition
    * Cultural Commentary
    * Art
   
   SECTIONS
   
    * Arts
    * Books
   
   MORE
   
    * WSJ Puzzles
    * What To Watch

 * Real Estate
   
   SECTIONS
   
    * Commercial Real Estate
   
   MORE
   
    * Real Estate Video

 * Life & Work
   
   SECTIONS
   
    * Cars
    * Careers
    * Food & Drink
    * Home & Design
    * Ideas
    * Personal Finance
    * Recipes
    * Travel
    * Wellness
   
   COLUMNS
   
    * Your Health
    * Work & Life
    * Carry On
    * Bonds
    * Turning Points
    * On Wine
    * On The Clock
   
   MORE
   
    * WSJ Puzzles
    * Space & Science

 * Style
   
   SECTIONS
   
    * Lifestyle
    * Fashion
    * Film
    * Television
    * Music
    * Art & Auctions
   
   COLUMNS
   
    * My Monday Morning
    * Off Brand
    * On Trend

 * Sports
   
   SECTIONS
   
    * MLB
    * NBA
    * NFL
    * Golf
    * Tennis
    * Soccer
   
   COLUMNS
   
    * Jason Gay

Search
Search




Share
 * Facebook
 * Twitter
 * LinkedIn
 * Copy Link

 * World


CIGARETTES AND MURKY JOINT VENTURES HELP NORTH KOREA EVADE CRACKDOWN


GLOBAL BUSINESSES FACED A DEADLINE LAST WEEK TO EXIT JOINT VENTURES OPERATING IN
NORTH KOREA, BUT DOZENS OF THEM ARE STILL THERE

North Korea ‘Decoders’ Are Sounding Alarms | Moving Upstream
You may also like

CloseCreated with sketchtool.
Up Next
CloseCreated with sketchtool.

Your browser does not support HTML5 video.

0:00
ADVERTISEMENT
0:00

PlayCreated with sketchtool.
Paused
Sound OnCreated with sketchtool.

0:00 / 10:59


ShareCreated with sketchtool.Closed Captions InactiveCreated with sketchtool.
North Korea ‘Decoders’ Are Sounding Alarms | Moving UpstreamPlay video: North
Korea ‘Decoders’ Are Sounding Alarms | Moving Upstream
Keep hovering to play
North Korea boasts about its nuclear weapons program by releasing photos and
videos of its missiles. But in them are tiny clues to their true capability. A
team of U.S. analysts, working outside the government, shows how they decode
these images to determine when North Korea is bluffing—and when it is showing
true power. Photo: North Korea State Media
By
Ian Talley
January 14, 2018

Print

Text

46



Global businesses faced a deadline last week to exit joint ventures operating in
North Korea.

But dozens of them are still there, experts say, operating under opaque
structures that help conceal their links to North Korea, providing the country
with significant revenue and diluting the effects of financial sanctions against
leader Kim Jong Un’s rogue regime.


CONTINUE READING YOUR ARTICLE WITH
A WSJ MEMBERSHIP


SPECIAL OFFER


€2 PER MONTH

View Membership Options

Already a member? Sign In


RESUME SUBSCRIPTION

We are delighted that you'd like to resume your subscription.

You will be charged $ + tax (if applicable) for The Wall Street Journal. You may
change your billing preferences at any time in the Customer Center or call
Customer Service. You will be notified in advance of any changes in rate or
terms. You may cancel your subscription at anytime by calling Customer Service.

Please click confirm to resume now.

Confirm



Sponsored Offers
 * The Motley Fool:
   Sign up to Stock Advisor for $79 for 1 year
 * Wayfair:
   Wayfair coupon $20 off
 * American Eagle Outfitters:
   All Jeans + Pants 25% off! Plus, 60% off clearance with American Eagle promo
   code
 * Kohl's:
   Kohl's Coupon 30% Off sitewide
 * Walmart:
   Top Walmart coupons for February 2023
 * Chase:
   Open a new Chase Private Client Checking account and get a $2000 bonus!


MOST POPULAR NEWS

 * RUSSIA THROWS SOLDIERS INTO FIRING LINE TO GAIN INCHES

 * I TRIED MICROSOFT’S NEW AI-POWERED BING. SEARCH WILL NEVER BE THE SAME.

 * GOOGLE FOLLOWS MICROSOFT IN UNVEILING AI SEARCH FEATURES

 * KIM JONG UN’S DAUGHTER APPEARS AGAIN IN NORTH KOREA, SPURRING SUCCESSION
   SPECULATION

 * TAKEAWAYS FROM BIDEN’S STATE OF THE UNION ADDRESS


MOST POPULAR OPINION

 * OPINION: THE STATE OF THE UNION CONTRADICTION

 * OPINION: CALIFORNIA’S MARIJUANA PARADISE LOST

 * OPINION: A BALLOON POPS D.C.’S MYTH BUBBLE

 * OPINION: THE KOCH NETWORK DUMPS TRUMP

 * OPINION: EXPOSING THE CHINESE SPY BALLOON FLEET




MOST POPULAR VIDEOS

 * REALITY CHECK: WHAT WE LEARNED FROM BIDEN’S STATE OF THE UNION ADDRESS

 * BING WITH AI: MICROSOFT CEO SATYA NADELLA ON WHY SEARCH IS CHANGED FOREVER

 * SNAP’S STOCK HAS FALLEN ALMOST 80% THIS YEAR: WHAT WENT WRONG

 * TURKEY, SYRIA QUAKE SURVIVORS ENDURE COLD, SEARCH FOR FOOD

 * HOW IRAN'S PROTESTS HAVE SPREAD ACROSS THE COUNTRY








 * The Wall Street Journal
 * 
   English Edition
    * English
    * 中文 (Chinese)
    * 日本語 (Japanese)

 * * Subscribe Now
   * Sign In
 * Back to Top «

WSJ Membership

 * WSJ+ Membership Benefits
 * Subscription Options
 * Why Subscribe?
 * Corporate Subscriptions
 * Professor Journal
 * Student Journal
 * WSJ High School Program
 * Public Library Program
 * WSJ Live
 * Commercial Partnerships

Customer Service

 * Customer Center
 * Contact Us
 * Cancel My Subscription

Tools & Features

 * Newsletters & Alerts
 * Guides
 * Topics
 * My News
 * RSS Feeds
 * Video Center
 * Watchlist
 * Podcasts
 * Visual Stories

Ads

 * Advertise
 * Commercial Real Estate Ads
 * Place a Classified Ad
 * Sell Your Business
 * Sell Your Home
 * Recruitment & Career Ads
 * Coupons
 * Digital Self Service

More

 * About Us
 * Content Partnerships
 * Corrections
 * Jobs at WSJ
 * News Archive
 * Register for Free
 * Reprints & Licensing
 * Buy Issues
 * WSJ Shop

 * Facebook
 * Twitter
 * Instagram
 * YouTube
 * Podcasts
 * Snapchat
 * Google Play
 * App Store

Dow Jones Products

 * Barron's
 * BigCharts
 * Dow Jones Newswires
 * Factiva
 * Financial News
 * Mansion Global
 * MarketWatch
 * Risk & Compliance
 * Buy Side from WSJ
 * WSJ Pro
 * WSJ Video
 * WSJ Wine

 * Privacy Notice
 * Cookie Notice
 * Manage Cookies
 * Copyright Policy
 * Data Policy
 * Subscriber Agreement & Terms of Use
 * Your Ad Choices
 * Accessibility
 * Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.