South Korean President Yoon Suk Yeol issued instructions to revise the bill to contain “practical measures to bolster national security,” the Korea JoongAng Daily reported.
The bill, aimed at cutting the funding of Pyongyang’s weapons programs, is the result of 10 months of consultations among various South Korean government agencies, the local media outlet reported, citing multiple government sources with knowledge of the matter.
Administration insiders said that President Yoon Suk Yeol issued instructions to revise the bill to contain “practical measures to bolster national security” before submission, adding that the bill is expected to add to South Korea’s existing sanctions against North Korea. One government official told the Daily that the South Korean President thought the country’s cybersecurity framework “urgently needs repair” and another administrator said the latest bill details measures to “track and neutralize virtual coins and other cryptocurrency assets stolen by the North through hacking.”
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