Daesong Bank
| Industry | Bank |
|---|---|
| Headquarters | Segori-dong, Gyongheung St., Potonggang District[1], Pyongyang, North Korea |
Korea Daesong Bank (Korean: 조선 대성 은행),[2] (sometimes a.k.a. Taesong General Trading Corporation),[3] (in Japan; a.k.a. Chosun Tae Seong-Unhan; Tae-bank, Choson Taesong Unhaeng; Taesong Bank)[4] is a North Korean financial institution.[5]
The Korea Daesong Bank is reportedly controlled by Room 39.[6]
The Golden Star Bank, founded as a corporation in Vienna, Austria, was the only North Korean bank in Europe but was closed in 2004, was a subsidiary of the Taesong Bank.[6] Kwon Yong-nok was an auditor of the Golden Star Bank.[7]
"Taesong Bank, which received remittances from Mt. Kumgang tourism, is controlled by Room 39, and is also in charge of the exports of agricultural and fisheries products."[8]
Projects
- In 1989, it was to jointly develop the area around Mount Kumgang,[9] on the eastern coast of North Korea, as a tourist site with Hyundai.[10]
- The company has been implicated in the smuggling of arms into and out of North Korea[11] and "Involved in facilitating proliferation financing projects."[12]
Members
- In 1989, Choe Su Gil, president of the Taesong Bank of North Korea[10] and consultant to the Korean Association for the Promotion of Asian Trade.[9]
- In 2014, Kim Yeo Jong took control of Taesong Bank, the Reunification and Development Bank, and a number of tourism and railway projects[13]
- In 2014, Yun Tae Hyong, a regional manager in the Russian Far East for the Taesong Bank, defected to Russia.[3]
References
- ↑ "OFAC ID: 12312". Retrieved 26 May 2015.
- ↑ "Recent OFAC Actions - November 18, 2010". US Treasury Department. Retrieved 26 May 2015.
- 1 2 Madden, Michael (3 September 2014). "A Senior North Korean Banking Official Defects?". 38 North. Retrieved 7 April 2016.
- ↑ "コリア・デソン・バンク" (PDF) (in Japanese). Retrieved 26 May 2015.
- ↑ Michael Breen (author) Kim Jong-Il, Revised and Updated: Kim Jong-il North Korea's Dear Leader 2012 1118153774 "Kim Jong-il: "the Daesong Group, which owns the Daesong Bank and the Vienna-based Golden Star Bank."
- 1 2 Timothée Germain. "Mapping North Korea Proliferation". cesim.fr. THE NON-PROLIFERATION MONTHLY. p. 7. Retrieved 26 May 2015.
- ↑ "North Korean Policy Elites; see footnote 66". INSTITUE FOR DEFENSE ANALYSES. June 2004. Retrieved 26 May 2015.
- ↑ "Room (Bureau) 38 allegedly restored". North Korean Economic Watch. Retrieved 26 May 2015.
- 1 2 "South, North Koreans Talk of Tourism Venture". Los Angeles Times. February 2, 1989. Retrieved 26 May 2015.
- 1 2 SUSAN CHIRA (2 February 1989). "THE TWO KOREAS AGREE TO DEVELOP RESORT IN NORTH". New York Times. Retrieved 26 May 2015.
- ↑ "Report of the Panel of Experts established pursuant to resolution 1874 (2009)" (PDF). United Nations. 14 June 2012. Retrieved 26 May 2015.
- ↑ "Sanctions: UK Treasury part 29; Sanctions in Action". UK Treasury. 28 February 2011. Retrieved 26 May 2015.
- ↑ "Kim appoints his younger sister to manage party coffers instead of slain uncle". Sputinik News. 14 January 2014. Retrieved 26 May 2015.
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