OpenLegislation

Division B Entities

United Kingdom

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NameAliasLocationDate of UN designationOther information
47.Foreign Trade BankFTB Building, Jungsong-dong, Central District, Pyongyang, DPRK4.8.2017Foreign Trade Bank is a state-owned bank and acts as the DPRK's primary foreign exchange bank and has provided key financial support to the Korea Kwangson Banking Corporation.
48.Korean National Insurance Company (KNIC)

Korea National Insurance Corporation (KNIC)

Korea Foreign Insurance Company

Central District, Pyongyang, DPRK4.8.2017The Korean National Insurance Company is a DPRK financial and insurance company and is affiliated with Office 39.
49.Koryo Credit Development BankDaesong Credit Development Bank; Koryo Global Credit Bank; Koryo Global Trust BankPyongyang, DPRK4.8.2017Koryo Credit Development Bank operates in the financial services industry in the DPRK's economy.
50.Mansudae Overseas Project Group of CompaniesMansudae Art StudioPyongyang, DPRK4.8.2017Mansudae Overseas Project Group of Companies engaged in, facilitated, or was responsible for the exportation of workers from the DPRK to other nations for construction-related activities including for statues and monuments to generate revenue for the Government of the DPRK or the Workers' Party of Korea. The Mansudae Overseas Project Group of Companies has been reported to conduct business in countries in Africa and Southeast Asia including Algeria, Angola, Botswana, Benin, Cambodia, Chad, the Democratic Republic of the Congo, Equatorial Guinea, Malaysia, Mozambique, Madagascar, Namibia, Syria, Togo, and Zimbabwe.