Division B Entities

United Kingdom

	Name	Identifying information	Statement of reasons
5.	Korea National Insurance Company (KNIC) GmbH. (alias Korea Foreign Insurance Company)	Rahlstedter Straße 83 a, 22149 Hamburg	KNIC GmbH, as a subsidiary controlled by KNIC headquarters in Pyongyang (Address: Haebangsan-dong, Central District, Pyongyang, DPRK), a government entity, is generating substantial foreign exchange revenue which is used to support the regime in North Korea. Those resources could contribute to the DPRK's nuclear-related, ballistic missile-related or other weapons of mass destruction-related programmes. Furthermore, the KNIC headquarters Pyongyang is linked to Office 39 of The Korean Workers' Party, a designated entity.

Name

Identifying information

Statement of reasons

Korea National Insurance Company (KNIC) GmbH.

(alias Korea Foreign Insurance Company)

Rahlstedter Straße 83 a, 22149 Hamburg

KNIC GmbH, as a subsidiary controlled by KNIC headquarters in Pyongyang (Address: Haebangsan-dong, Central District, Pyongyang, DPRK), a government entity, is generating substantial foreign exchange revenue which is used to support the regime in North Korea. Those resources could contribute to the DPRK's nuclear-related, ballistic missile-related or other weapons of mass destruction-related programmes.

Furthermore, the KNIC headquarters Pyongyang is linked to Office 39 of The Korean Workers' Party, a designated entity.