Suspended Prayut down but not yet out in Thailand

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BANGKOK – Thailand’s topsy-turvy politics were thrown into new disarray today with a Constitutional Court ruling to suspend Prime Minister Prayut Chan-ocha from his official duties until it rules on an opposition petition that argues he has already served his legal eight-year term limit. The petition argues that Prayut’s time atop his May 2014 coup-installed […]

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Korea Inc stuck in a tightening US sanctions web

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SEOUL – The United States has long been the world’s policeman but today, in a world of mind-bogglingly complex supply chains, it is increasingly becoming the world’s regulator, too.

As the Biden administration continues the China decoupling policies initiated by the Trump government, as war rages in Ukraine and as Iraq and North Korea remain firmly in Washington’s gunsights, pressure is building on third-party governments and companies to follow America’s lead.

Following that lead means managing a long, long list of risks. Washington implements a wide range of sanctions, export controls and supply chain security policies overseen by an expanding range of US government agencies, as it applies the thumbscrews on its adversaries and competitors.

Harassed global CEOs, whose mission is to sell products and services in the global marketplace, may be forgiven for hurling ashtrays. 

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The post Korea Inc stuck in a tightening US sanctions web appeared first on Asia Times.

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