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| Type | Company | [sources] | |||
|---|---|---|---|---|---|
| Name | Korea Kwangson Banking Corporation | [sources] | |||
| Other name | KKBC · Korea Kwangson Finance Company · 조선광선은행 | [sources] | |||
| Incorporation date | not available | [sources] | |||
| Jurisdiction | not available | [sources] | |||
| Country | North Korea | [sources] | |||
| Registration number | not available | [sources] | |||
| Description | KKBC provides financial services in support to Tanchon Commercial Bank (KPe.003) and Korea Hyoksin Trading Corporation (KPe.006), a subordinate of the Korea Ryonbong General Corporation (KPe.002). Tanchon Commercial Bank has used KKBC to facilitate funds transfers likely amounting to millions of dollars, including transfers involving Korea Mining Development Corporation (KPe.001) related funds. . Blocked by SWIFT in March 2017. | [sources] | |||
| ID Number | BIC: KKBCKPPYXXX | [sources] | |||
| Address | Jungson-dong, Sungri Street, Central District, Pyongyang, North Korea | [sources] | |||
| Source link | www.nknews.org | [sources] | |||
| Last changed | Last checked | First seen | |||
According to Annex XXIII (p. 132) of the UN Panel of Experts June 2013 report, the Korea Kwangson Banking Corporation operates a branch in Dandong, China, under its former name "Korea Kwangson Finance Company".
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| Employees | ||||
|---|---|---|---|---|
| Employee | Role | Start date | End date | |
| Jo Chol Song | Former Deputy Representative | - | - | |
| Sim Hyon Sop | Representative (unconfirmed) | - | - | |
| Choe Chol Ryong | Representative | - | - | |
| Linked from | ||||
|---|---|---|---|---|
| Subject | Role | Start date | End date | |
| Bank of China Ltd. | Bank of China Ltd. is a former bank account provider for Korea Kwangson Banking Corporation | - | - | |
| China Construction Bank Corporation | China Construction Bank Corporation is a former bank account provider for Korea Kwangson Banking Corporation | - | - | |
| Dandong Hongxiang Industrial Development Co. Ltd. | Dandong Hongxiang Industrial Developmentis is a front company of Korea Kwangson Banking · Joint venture partner | - | - | |
| Far Eastern Commercial Bank | Far Eastern Commercial Bank is a former bank account provider for Korea Kwangson Banking Corporation | - | - | |
| T Specialist International (Singapore) Pte. Ltd. | There were repeated transfers made to T Specialist from the account at the Korea Kwangson Banking Corporation | - | - | |
| Malaysia Korea Partners Group of Companies | Indirect link through the purchase of coal from the Democratic People’s Republic in Korea in Malaysia | - | - | |
| Pak In Su | Associated | - | - | |
| Linked to | ||||
|---|---|---|---|---|
| Object | Role | Start date | End date | |
| Tanchon Commercial Bank | Provider of financial services, including the facilitated transfer of KOMID-related funds | - | - | |
| Good Field Trading Ltd. | Good Field Trading Ltd is a "false entity name" for the Korea Kwangson Banking Corporation | - | - | |
| Foreign Trade Bank | KKBC is subordinate to the Foreign Trade Bank | - | - | |
| Ilsim International Bank | Both entities have "a close relationship" | - | - | |
| Dandong Hongxiang Industrial Logistics Co. Ltd. | Korea Kwangson Banking is a major shareholder of Dandong Hongxiang Industrial Logistics | - | - | |
| Golden Tiger Investment Group | Golden Tiger Investment Group is a "false entity name" for the Korea Kwangson Banking Corporation | - | - | |
| Korea Hyoksin Trading Corporation | Provider of financial services | - | - | |
| Korea Mining Development Trading Corporation | Long-term provider of financial services to KOMID | - | - | |
| Korea Kwangson Banking Corporation (Dandong Representative Office) | Representative office | - | ||
| Nice Field International | Nice Field International has been undertaking transactions on behalf of Korea Kwangsong Banking Corporation | - | - | |