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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters U.S. acts to freeze assets of two N.Korean entities Tue Sep 8, 2009 10:57pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Arshad Mohammed WASHINGTON (Reuters) - The United States moved on Tuesday to freeze the assets of two North Korean entities believed to be involved in atomic and missile programs, raising pressure on Pyongyang to resume disarmament talks. Despite a recent charm offensive by North Korea, the State Department moved against its General Bureau of Atomic Energy, which oversees the nuclear program, and Korea Tangun Trading Corp, believed to support its missile programs. Both were targeted under a presidential executive order that allows the White House to freeze the U.S. assets of people and entities suspected of developing weapons of mass destruction or the means to deliver them, including missiles. "These designations continue U.S. efforts to prevent North Korean entities of proliferation concern from accessing financial and commercial markets that could aid the regime's efforts to develop nuclear weapons and the missiles capable of delivering them," the State Department said in a statement. The action requires U.S. individuals, banks and other institutions to block the assets of the North Korean entities. It was unclear whether either actually had any assets under U.S. jurisdiction but American officials said Washington hoped the move would discourage other countries from doing business with North Korea. "Are we hoping for a spillover effect? Of course," said one U.S. official. 'RATCHETING IT UP' This official and several analysts said the steps aimed to signal that Washington will keep raising economic pressure on Pyongyang until it renews its commitment to abandon its nuclear programs and resumes multilateral aid-for-disarmament talks. The impoverished communist state walked away from the talks in December and has taken a series of steps that have troubled Washington and its allies, firing ballistic missiles in April and July and conducting its second nuclear test in May. Over the last month, the North has taken conciliatory steps such as freeing two U.S. journalists accused of crossing its border illegally and releasing South Korean fishermen whose vessel drifted into North Korean waters. However, it has so far refused to resume talks among the two Koreas, China, Japan, Russia and the United States under which it promised in 2005 to abandon all its nuclear programs. "The clear signal is that we are ratcheting it up," said a U.S. official, who spoke on condition that he not be named. "It is making nice noises but ... there are concerns that they may be moving forward on their nuclear activities." The official was alluding to North Korea's claim on Friday to have carried out experimental uranium enrichment, a process which, if mastered, could give it a second path to nuclear weapons in addition to its plutonium-based program. The United States has long suspected the North of having a secret program to enrich uranium for weapons. Experts have said it has not developed anything near a full-scale uranium program while it has enough plutonium for six to eight bombs. (Editing by Chris Wilson) © Thomson Reuters 2009 All rights reserved Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: NATO troops free kidnapped NY Times reporter Also On Reuters Wall Street bonuses spark outrage on Main Street USA Q&A: What's at stake in Obama healthcare speech Commentary: Winning back the public’s trust More International News Karzai headed for poll win; recount ordered over fraud | Video North Korea extols "friendship" as U.S. presses sanctions Japan's ruling Democrats clinch coalition deal NATO troops free kidnapped NY Times reporter Mexico plans more taxes, cuts in bureaucracy More International News... Featured Broker sponsored link Editor's Choice An exclusive interview with former Lehman Brothers CEO Richard Fuld. Full Article Most Popular on Reuters Articles Video Kraft looks to slash supplier base to reduce costs Palm unveils Pixi phone, may be overshadowed by rivals First Solar to build huge Chinese solar plant Fred becomes a hurricane in eastern Atlantic Exclusive: Fuld says being "dumped on" for Lehman failure Venezuela's Chavez says hopes can work with Obama Obama warns teens of perils of Facebook Congress seeks healthcare deal before Obama speech | Video UPDATE 3-NATO troops free kidnapped NY Times reporter UPDATE 1-AMD's shares leap 15 percent after Chartered deal Most Popular Articles RSS Feed Video Obama addresses students Partial recount in Afghan vote Merkel regrets Afghan casualties Racism seen rife in Russia Talk of the Town Annie Leibovitz faces loan New Colombian hostage video McDonald's lose McCurry battle Obama steadfast on healthcare Kabul airport suicide blast Most Popular Videos RSS Feed Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Labs | Journalism Handbook | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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