# Council Decision (CFSP) 2015/1066 of 2 July 2015 amending Decision 2013/183/CFSP concerning restrictive measures against the Democratic People's Republic of Korea, Division B: Entities

Extent: E+W+S+N.I.

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.

---
Source: https://www.legislation.gov.uk/eudn/2015/1066/annex/division/II/division/B (the official version)
Page: https://openlegislation.uk/eu-decision-2015-1066/annex/division-II/division-B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.