# Council Decision (CFSP) 2017/1504 of 24 August 2017 amending Decision (CFSP) 2016/849 concerning restrictive measures against the Democratic People's Republic of Korea, Annex

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

The following entry is deleted from Part B (Entities) of Part II of Annex II to Decision (CFSP) 2016/849:
‘
3
Korea National Insurance Corporation (KNIC) and its branch offices
Korea Foreign Insurance Company
Haebangsan-dong, Central District, Pyongyang, DPRK
Rahlstedter Strasse 83 a, 22149 Hamburg.
Korea National Insurance Corporation of Alloway, Kidbrooke Park Road, Blackheath,
London SE30LW
3.7.2015
Korea National Insurance Corporation (KNIC), a State-owned and controlled company, is generating substantial foreign exchange revenue which 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 Worker's Party, a designated entity.
’

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Source: https://www.legislation.gov.uk/eudn/2017/1504/annex (the official version)
Page: https://openlegislation.uk/eu-decision-2017-1504/annex
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.