Last Friday, Her Majesty’s Treasury (HMT) implemented Council Implementing Regulation (EU) No. 2017/1509 – it updates 100 individual and 54 entities updated recently by the United Nations Sanctions Committee for the sanctions on North Korea. Since these updates take up 21 pages of a PDF document, Mr. Watchlist will not enumerate the changes here. However, with the exception of these 3 entity listings:
- KOREA KWANGSONG TRADING CORPORATION
Address: Rakwon-dong, Pothonggang District, Pyongyang, DPRK. Other Information: Annex IV XIII. UN listing. UN Ref KPe.026. The MID oversees the DPRK’s weapons production and R&D programs, including the DPRK’s ballistic missile program. The Second Economic Committee and the Second Academy of Natural Sciences are subordinate to the MID. Parent company is Korea Ryongbong General Corporation. Listed on: 21/12/2011 Last Updated: 05/03/2016 15/09/2017 Group ID: 12445.
- KOREA MINING DEVELOPMENT TRADING CORPORATION
a.k.a: (1) Changgwang Sinyong Corporation (2) DPRKN Mining Development Trading Cooperation (3) External Technology General Corporation (4) KOMID Address: Central District, Pyongyang, Democratic People’s Republic of Korea. Other Information: Annex IV XIII. UN listing. UN Ref KPe.001. Primary arms dealer and main exporter of goods and equipment related to ballistic missiles and conventional weapons. Uses the alias ‘Korea Kumryong Trading Corporation‘ to carry out procurement activities. Listed on: 27/04/2009 Last Updated: 17/10/2014 15/09/2017 Group ID: 10892.
- KOREAN NATIONAL INSURANCE CORPORATION (KNIC)
a.k.a: (1) Korea Foreign Insurance Company (2) Korea National Insurance Corporation of Alloway Address: (1) Central District, Pyongyang, (2) Haebangsan–dong, Central District, Pyongyang, DPRK. (3) Kidbrooke Park Road, Blackheath, London, SE3
0LW. (4) Rahlstedter Strasse 83a, Hamburg, 22149. Other Information: Annex IV and V listing. UN and EU Listing. Annex XIII. UN listing. UN Ref KPe.023. 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. Listing includes KNIC branch offices. Furthermore, the KNIC headquarters Pyongyang is linked to Office 39 of the Korean Worker’s Party, a designated entity. KNIC is a DPRK financial and insurance company and is affiliated with Office 39. Listed on: 28/04/2016 Last Updated: 11/08/2017 15/09/2017 Group ID: 13355.
the changes are all administrative, such as date of last update changes, notations of where the listing appears in UN resolutions, or the fact that a listing is now an EU lising.
In addition, the following listing was a duplicate and has now been removed:
Organisation Name: KOREA INERNATIONAL CHEMICAL JOINT VENTURE COMPANY a.k.a: (1) CHOSEN INTERNATIONAL CHEMICALS JOINT OPERATION
COMPANY (2) CHOSUN INTERNATIONAL HEMICALS JOINT OPERATION
COMPANY (3) INTERNATIONAL CHEMICAL JOINT VENTURE
COMPANY Address: (1) Hamhung, South Hamgyong Province, DPRK. (2) Man gyongdaekuyok, Pyongyang, DPRK. (3) Mangyungdaegu, Pyongyang, DPRK. Other Information: UN Listing. Date of UN designation 30.11.2016. A subsidiary of Korea Ryonbong General Corporation – DPRK’s defence conglomerate specialising in acquisition for DPRK defence industries and support to Pyongyang’s military-related sales – and has engaged in proliferation-related transactions. Listed on: 09/12/2016 Last Updated: 09/12/2016 Group ID: 13430.