# Council Regulation (EU) 2017/1501 of 24 August 2017 amending Regulation (EC) No 329/2007 concerning restrictive measures against the Democratic People's Republic of Korea, Annex

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

In point (d) of Annex V to Regulation (EC) No 329/2007, the following is deleted:
‘
Name (and possible aliases)
Identifying information
Reasons
1.
Korea National Insurance Corporation (KNIC) and its branch offices (a.k.a. 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
Korea National Insurance Corporation (KNIC), a State-owned and controlled company, is generating substantial revenue, including foreign exchange, 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/eur/2017/1501/annex (the official version)
Page: https://openlegislation.uk/eu-regulation-2017-1501/annex
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.