According to Korean Yonhap News agency, Intel is trying to lay the legal groundwork for possible business in North Korea someday. On Tuesday, August 6th, Intel confirmed that “it has submitted an application for a “Specific License: in North Korea to the Treasury’s Office of Foreign Assets Contro (OFAC).” Intel delivered the request through its own law firm in August 2012.
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However, Intel also noted that it has not yet planned to do business in North Korea. Since 2011, President Barack Obama issued an executive order ban US companies from doing business in North Korea. In addition, North Korea subjected tough UN sanctions for its nuclear activities.
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