Illinois Company Settles Charges of
Illegal Exports to South Korea

The U.S. Department of Commerce today announced that Global Dynamics Corporation (Global), of Mount Prospect, Illinois, will pay a civil penalty of $38,000 to settle charges that it exported and attempted to export military truck parts to the Republic of Korea in violation of the Export Administration Regulations (EAR).

The Department of Commerce’s Bureau of Industry and Security (BIS) charged that on seven occasions, between May 2001 and January 2002, Global exported and attempted to export military truck parts to South Korea without the required export license. Most of these exports were unauthorized because they were in excess of the dollar limit on an export license previously issued to Global. Exports of military truck parts to South Korea are controlled for national security reasons.

Under the terms of the settlement, a portion of the civil penalty, $8,000, is suspended for one year, and thereafter will be waived if Global does not violate the EAR during the suspension period.

Assistant Secretary for Export Enforcement Julie L. Myers commended Special Agent Richard Greene of BIS’s Chicago Field Office for his efforts in this investigation.