Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Swiss ABB robots photographed in North Korean factory - NK News

Stock Markets Nov 21, 2019 13:29
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

ZURICH (Reuters) - Swiss engineering firm ABB (S:ABBN) said on Thursday it had upheld international sanctions on North Korea but its machinery may have been sold to the country without its permission, after photos emerged purporting to show ABB robots in a factory.

South Korean-based website NK News highlighted photos published by North Korean state media showing the country's leader Kim Jong Un visiting a fish processing factory where machines with ABB logos were in operation.

The photos showed robots using special arm attachments to move large objects on the production line.

The supply of industrial machinery to North Korea is prohibited under United Nations sanctions over its nuclear weapons programme.

North Korea has called for an end to sanctions that have crippled its economy, although progress has stalled after it fired two suspected missiles into the sea between the Korean peninsula and Japan in October.

ABB said it complied with all applicable trade sanctions.

"That said, we cannot rule out that some of our equipment may have been resold to the DPR of Korea without our knowledge or permission," an ABB spokesman said.

In 2015 ABB machinery was photographed in a North Korean factory known to make military products.

A U.N. investigation found it had been indirectly acquired by the country without the company's knowledge.

Swiss ABB robots photographed in North Korean factory - NK News
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email