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Intel Corp. reaffirms no plans for business in N. Korea

All Headlines 05:51 August 09, 2013

WASHINGTON, Aug. 8 (Yonhap) -- Intel Corp., a U.S. tech giant, stressed Thursday that it has no intention of doing business in North Korea although it has secured the U.S. government's approval for efforts to protect its intellectual property rights in the communist nation.

"Our position is that we have no plans to do business in North Korea," Chuck Mulloy, a spokesman for Intel, said in an email.

Last year, the company submitted an application for a "specific license" in North Korea to the Treasury's Office of Foreign Assets Control. North Korea is subject to a wide web of sanctions imposed by the U.S. in line with U.N. Security Council resolutions.

"The application was approved," Mulloy said.

He said earlier his company routinely files protection papers of its trademark worldwide, regardless of whether it does business in a certain nation.

The U.S. Treasury refused to discuss a specific firm's move.

"On background, please note that we will not comment on specific companies, but we do have a favorable licensing policy for protecting intellectual property," a Treasury official told Yonhap.



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