US Treasury proposes expanding tech investment restrictions to N. Korea
WASHINGTON — The U.S. Treasury Department has proposed expanding restrictions on American investments in sensitive technologies to include North Korea and several other countries, as Washington seeks to prevent adversaries from using U.S. capital to develop advanced military capabilities. The proposed regulations, detailed in a notice scheduled to be published in the Federal Register on Thursday,…
The U.S. Treasury Department has recommended broadening the scope of regulations restricting American investments in sensitive technologies to encompass North Korea, along with other nations such as Russia, Iran, and Cuba. This move aims to thwart adversaries from utilizing U.S. capital to advance their military prowess. The proposed amendments, set to be published in the Federal Register on Thursday, would extend the current Outbound Investment Security Program, which presently applies to China, including Hong Kong and Macau, to incorporate the aforementioned countries.
The Comprehensive Outbound Investment National Security Act, passed in December of the previous year as part of the fiscal 2026 National Defense Authorization Act, serves as the legislative foundation for this proposal. Under the new regulations, certain investments by U.S. entities in foreign entities involved in specific sensitive technologies would be banned, while other transactions would necessitate prior notification. These rules would apply to designated activities within critical technology domains.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
