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Koryo Credit Development Bank

Sanctioned entity

Koryo Credit Development Bank is subject to sanctions. See the individual program listings below.

Type	Company				[sources]
Name	Daesong Credit Development Bank · KORYO CREDIT DEVELOPMENT BANK · Koryo Credit Development Bank · Koryo Global Credit Bank · Koryo Global Trust Bank · 1 more...				[sources]
Other name	Daesong Credit Development Bank · Daesong Credit Development Bank, · KORYO CREDIT DEVELOPMENT BANK · Korea Credit Investment Company · Koryo Global Credit Bank · 6 more...				[sources]
Incorporation date	not available				[sources]
Jurisdiction	North Korea				[sources]
Country	North Korea				[sources]
Description	Joint venture with Koryo Bank (KPe.045). Koryo Credit Development Bank operates in the financial services industry in the DPRK’s economy.				[sources]
ID Number	`BIC: KGCBKPPYXXX`				[sources]
PermID	`5074718109`				[sources]
Phone	+850 2 341 4013 · +850 2 381 4100				[sources]
Registration number	`WXZ6S9G85PG5`				[sources]
SWIFT/BIC	`KGCBKPPY`				[sources]
Status	Active				[sources]
Address	Pyongyang Democratic Peoples Republic of Korea · Pyongyang, DPRK · Pyongyang, Democratic People's Republic of Korea · Pyongyang, North Korea · Pyongyang, RPDC · 4 more...				[sources]
Source link	gels-avoirs.dgtresor.gouv.fr · permid.org · sanctionssearch.ofac.treas.gov · www.nknews.org				[sources]
Last change	2024-10-29	Last processed	2024-11-08	First seen	2022-04-27

Descriptions

Koryo Credit Development Bank operates in the financial services industry in the DPRK's economy.

— Australian Sanctions Consolidated List, 2023-04-20

Koryo Credit Development Bank operates in the financial services industry in the DPRK’s economy.

— Belgian Financial Sanctions, 2024-11-21

Koryo Credit Development Bank operates in the financial services industry in the DPRK’s economy.

— Swiss SECO Sanctions/Embargoes, 2023-04-20

Koryo Credit Development Bank operates in the financial services industry in the DPRK’s economy.

— EU Financial Sanctions Files (FSF), 2024-11-21

A des activités dans le secteur des services financiers de la RPDC

— French National Asset Freezing System, 2023-04-20

Koryo Credit Development Bank operates in the financial services industry in the DPRK’s economy.

— UK FCDO Sanctions List, 2024-05-09

Koryo Credit Development Bank operates in the financial services industry in the DPRK’s economy.

— UK HMT/OFSI Consolidated List of Targets, 2023-04-20

Other information: Koryo Credit Development Bank operates in the financial services industry in the DPRKs economy.

— Israel Prevention of Distribution and Financing of WMDs designations, 2024-10-25

デソン・クレジット・デベロップメント・バンク；コリョ・グローバル・クレジット・バンク；コリョ・グローバル・トラスト・バンク

— Japan Economic Sanctions and List of Eligible People, 2023-04-20

Daesong Credit Development Bank; Koryo Global Credit Bank; Koryo Global Trust Bank

— Japan Economic Sanctions and List of Eligible People, 2023-04-20

Annex XXIII (p. 132) of the UN Panel of Experts Report June 2013 states uncertainty if this entity is active.

— DPRK Reports non-official source, 2023-08-08

Adresse : Pyongyang, RPDC

— Monaco National Fund Freezing List, 2024-08-14

Кредитный банк развития «Корё» действует в сфере финансовых услуг в экономике КНДР.

— 2021-11-21

Koryo Credit Development Bank operates in the financial services industry in the DPRK’s economy.

— UN Security Council Consolidated Sanctions, 2023-04-20

all offices worldwide

— US OFAC Specially Designated Nationals (SDN) List, 2023-04-20

Koryo Credit Development Bank operates in the financial services industry in the DPRKs economy.

— South Africa Targeted Financial Sanctions, 2024-10-29

Relationships

Address
Full address	Country
Pyongyang, KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF	North Korea
Yanggakdo International Hotel, RYUS, Pyongyang · Yanggakdo International Hotel, RYUS, Pyongyang, DPR Korea · Yanggakdo International Hotel, RYUS, Pyongyang, Democratic People's Republic of Korea · Yanggakdo International Hotel, RYUS, Pyongyang, KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF	North Korea
Pyongyang, DPRK	-
Pyongyang, Democratic People's Republic of Korea	North Korea
Pyongyang, DPR Korea	North Korea
北朝鮮平壌特別市	-
Pyongyang · Pyongyang, Democratic People's Republic of Korea · Pyongyang, Democratic People’s Republic of Korea · Pyongyang, North Korea	North Korea

Employees
Employee	Role	Start date	End date
RI SONG HYOK	Representative based in Beijing, China	-	-
Kim Pong Hak	Representative in Russia	-	-

Linked to
Object	Role	Start date	End date
Koryo Bank	Koryo Credit Development Bank is a joint venture with Koryo Bank.	-	-

Sanctions
Authority	Program	Start date	End date
Financial Intelligence Centre	-	-	-
State Secretariat for Economic Affairs	Ordinance of 18 May 2016 on measures against North Korea (SR 946.231.127.6), annexes 1 et 6	2017-08-05	-
Office of Foreign Assets Control	SDN List	-	-
La Principauté de Monaco	-	-	-
UN Security Council	Resolution 2371 (2017)	-	-
Department of Foreign Affairs and Trade	1718 (DPRK)	2017-08-07	-
Ministry of Finance	北朝鮮に関連する国際連合安全保障理事会決議に基づく資産凍結等の措置の対象となる者（団体）	2017-08-16	-
Office of Financial Sanctions Implementation · UN	Democratic People's Republic of Korea	2017-08-05	-
TREAS-OFAC	Reciprocal	2016-12-02	-
United Nations Security Council	DPRK	2017-08-05	-
Foreign, Commonwealth & Development Office · UN	The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019	2017-08-05	-
Direction Générale du Trésor	(UE) 2017/1509 du 30/08/2017 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509) · décision du comité des sanctions des Nations unies du 05/08/2017 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509)	-	-
Isreali Ministry of Finance	-	2018-03-12	-
Federal Public Service Finance	PRK	2017-09-01	-
Directorate‑General for Financial Stability, Financial Services and Capital Markets Union	PRK	2017-09-01	-
Centrul Antiterorist al Serviciului de Informaţii şi Securitate al Republicii Moldova	Comitetul Consiliului de Securitate al ONU instituit prin Rezoluția 1718 (2006)	-	-
State Finance Monitoring Service	Резолюції РБ ООН 1718 (2006)	2017-08-16	-

Data sources

US OFAC Specially Designated Nationals (SDN) List33,150

The primary United States' sanctions list, specially designated nationals (SDN) part.

United States · OFAC

EU Financial Sanctions Files (FSF)6,364

As part of the Common Foreign Security Policy the European Union publishes a sanctions list that is implemented by all member states.

European Union · DG FISMA

French National Asset Freezing System5,117

The register lists all persons, entities and vessels subject to asset freezing measures in force on French territory, pursuant to national, European and international (UN) provisions.

France · DGT

Israel Prevention of Distribution and Financing of WMDs designations236

List of entities and individuals subject to sanctions under the Prevention of Distribution and Financing of Weapons of Mass Destruction Law

Israel · Isreali Ministry of Finance

Australian Sanctions Consolidated List4,256

The Consolidated List is a list of all persons and entities who are subject to targeted financial sanctions under Australian sanctions law

Australia · DFAT

UN Security Council Consolidated Sanctions1,238

The Security Council's set of sanctions serve as the foundation for most national sanctions lists.

UNSC

Moldovan Sanctions for Terrorism and Proliferation of WMD698

Sanctions on persons and entities involved in terrorist activities and the proliferation of weapons of masss destruction

Moldova · CAS-SIS

Qatar Unified Record of Persons and Entities on Sanction List708

This dataset contains both UN-mandated and the national sanctions designations for Qatar (Targeted Financial Sanctions).

Qatar · NCTC

US SAM Procurement Exclusions119,130

A database of suppliers who have been excluded from participating in US federal procurement.

United States · GSA

Japan Economic Sanctions and List of Eligible People3,598

Sanctions imposed by Japan under its Foreign Exchange and Foreign Trade Law.

Japan · MoF

UK FCDO Sanctions List4,678

UK sanctions collated by the Foreign, Commonwealth & Development Office

United Kingdom · FCDO

US Trade Consolidated Screening List (CSL)20,985

The Consolidated Screening List (CSL) is a list of parties for which the United States Government maintains restrictions on certain exports, reexports, or transfers of items.

United States · ITA

DPRK Reports5,540

A database of entities and events related to North Korea's sanctions evasion efforts.

United Kingdom · RUSI · non-official source

Monaco National Fund Freezing List4,559

A list of entities subject to fund and economic resource freezing procedures

Monaco · Monaco

Ukraine SFMS Blacklist872

Ukraine's financial intelligence unit publishes this list of sanctioned individuals.

Ukraine · SFMS

Swiss SECO Sanctions/Embargoes8,449

Switzerland manages a sanctions lists with a high degree of detail on the individuals that are subject to it's embargoes

Switzerland · SECO

Belgian Financial Sanctions6,603

Belgium extends the European FSF sanctions list on the basis of a national terrorist list, issued by the National Security Council

Belgium · FOD

UK HMT/OFSI Consolidated List of Targets6,277

The United Kingom's consolidated international sanctions list.

United Kingdom · OFSI

South Africa Targeted Financial Sanctions876

The South African FIC sanctions list, largely based on UN Security Council sanctions.

South Africa · FIC

External databases

The record has been enriched with data from the following external databases:

PermID Open Data2,957

Permanent Identifier (PermID) is a reference data spine offered by LSEG/Refinitiv to help create unique identifiers for organizations that are publicly listed.

External dataset · LSEG · non-official source

Source data IDs: bic-KGCBKPPY · ofac-20569 · kprusi-ee3529cae0f9a27c16fbec4ea56dfca4d8ddf607 · qa-nctc-6908624-koryo-credit-development-bank · zafic-158-koryo-credit-development-bank · permid-5074718109 · ch-seco-37033 · gb-hmt-13537 · ru-wmd-133-kpe-049 · usgsa-s4mr5csch · unsc-6908624 · gb-fcdo-dpr0171 · mc-freezes-ee5ae24f1245d0b013dfacd4435253d61b0ce463 · au-dfat-3281-koryo-credit-development-bank · NK-4cpnhsZEdYZh3v4VnK7jg2 · ja-mof-064c57db646f3620900c2c28f7486c4f1b3937d4 · md-terr-29071cf7f471e30d531defa2fe9b2ff7d70eed7b · eu-fsf-eu-4133-58 · il-wmd-95251a3f5659f4e7bb3ee75418f327bf0e1d902e · ua-sfms-1521 · fr-ga-2416

For experts: raw data explorer

Factsheet Descriptions Data sources

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