Robert Neff at The Marmot’s Hole has a fascinating post detailing the money trail from North Korea to Iran via Seoul. This quote of a Choson Ilbo article is a brief introduction:

Iran paid North Korea US$2.5 million for arms purchases in 2008 through the South Korean branch of Bank Mellat, U.S. diplomatic cables unveiled by WikiLeaks suggest. They also say that China exported to North Korea dual-use products that could be transformed into parts for Scud missiles.

For the full details, read the post at The Marmot’s Hole: Following the North Korean-Iranian money trail through Seoul. Fantastic stuff.

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A former contributor to World Intelligence (Japan Military Review), James Simpson joined Japan Security Watch in 2011, migrating with his blog Defending Japan. He has a Masters in Security Studies from Aberystwyth University and is currently living in Kawasaki, Japan. His primary interests include the so-called 'normalization' of Japanese security (i.e. militarization), and the political impact of the abduction issue with North Korea.
James Simpson has 254 post(s) on Japan Security Watch