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KOREAN NATIONAL INSURANCE COMPANY (KNIC)

Sanctioned entity
TypeCompany[sources]
NameKOREA NATIONAL INSURANCE CORPORATION · KOREAN NATIONAL INSURANCE COMPANY · KOREAN NATIONAL INSURANCE COMPANY (KNIC) · KOREAN NATIONAL INSURANCE CORPORATION (KNIC) · Korea Foreign Insurance Co · 5 more...[sources]
Other name: Korea Foreign Insurance Company · KNIC · KOREA FOREIGN INSURANCE COMPANY · KOREA NATIONAL INSURANCE COMPANY · KOREAN NATIONAL INSURANCE COMPANY (KNIC) · 12 more...[sources]
Incorporation datenot available[sources]
Jurisdictionnot available[sources]
CountryNorth Korea[sources]
DescriptionThe Korean National Insurance Company is a DPRK financial and insurance company, which provided fishing rights and insurance policies to foreign vessels. To disguise its operations, KNIC utilizes the identities of its front companies. Its representativeness often operate under diplomatic cover at embassies of the DPRK.[sources]
OpenCorporates URLopencorporates.com · opencorporates.com[sources]
PermID5000995938[sources]
Phone+850 2 18111/222 Ext:3418024 · +850 2 3814410[sources]
Registration numberDRNQJPY1QXW6[sources]
StatusActive[sources]
AddressCENTRAL DISTRICT, PYONGYANG, PRK · Central District Pyongyang Democratic Peoples Republic of Korea · Central District, Pyongyang · Central District, Pyongyang, DPRK · Central District, Pyongyang, Democratic People's Republic of Korea · 5 more...[sources]
Source linkgels-avoirs.dgtresor.gouv.fr · permid.org · sanctionssearch.ofac.treas.gov · www.nknews.org[sources]
Last changeLast processedFirst seen

Descriptions

The Korean National Insurance Company is a DPRK financial and insurance company and is affiliated with Office 39.

— Australian Sanctions Consolidated List,

branch offices of Korea National Insurance Corporation (KNIC)

— Belgian Financial Sanctions,

Date of listing: 5/08/2017

— Belgian Financial Sanctions,

The Korean National Insurance Company is a DPRK financial and insurance company and is affiliated with Office 39.

— Belgian Financial Sanctions,

The Korean National Insurance Company is a DPRK financial and insurance company and is affiliated with Office 39.

— Swiss SECO Sanctions/Embargoes,

Date of listing: 5/08/2017

— EU Financial Sanctions Files (FSF),

The Korean National Insurance Company is a DPRK financial and insurance company and is affiliated with Office 39.

— EU Financial Sanctions Files (FSF),

branch offices of Korea National Insurance Corporation (KNIC)

— EU Financial Sanctions Files (FSF),

est une société financière et d'assurance nord-coréenne affiliée au Bureau 39

— French National Asset Freezing System,

The Korean National Insurance Company is a DPRK financial and insurance company and is affiliated with Office 39.

— UK FCDO Sanctions List,

The Korean National Insurance Company is a DPRK financial and insurance company and is affiliated with Office 39.

— UK HMT/OFSI Consolidated List of Targets,

Other information: The Korean National Insurance Company is a DPRK financial and insurance company and is affiliated with Office 39.

— Israel Prevention of Distribution and Financing of WMDs designations,

ケー・エヌ・アイ・シー；コリア・フォーリン・インシュランス・カンパニー

— Japan Economic Sanctions and List of Eligible People,

KNIC; Korea Foreign Insurance Company

— Japan Economic Sanctions and List of Eligible People,

Figure 5 on p. 77 of the UN Panel of Experts February 2016 report indicates that The Korea National Insurance Corporation and Korea Shipowners' Protection and Indemnity Association are the same entity. According to Paragraph 136 (p. 54) of the UN Panel of Experts September 2023 report, KNIC also operates under the names of its front/subordinate companies, including Rainbow Intermediaries, Samhae Insurance Corporation, and Polestar Insurance Company.

— DPRK Reports non-official source,

Adresse : Central District, Pyongyang, RPDC

— Monaco National Fund Freezing List,

Корейская национальная страховая компания является финансово-страховой компанией КНДР и связана с Управлением 39.

—

The Korean National Insurance Company is a DPRK financial and insurance company and is affiliated with Office 39.

— UN Security Council Consolidated Sanctions,

The Korean National Insurance Company is a DPRK financial and insurance company and is affiliated with Office 39.

— South Africa Targeted Financial Sanctions,

Relationships

Data sources

South Africa Targeted Financial Sanctions876

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

South Africa · FIC

Ukraine SFMS Blacklist872

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

Ukraine · SFMS

Monaco National Fund Freezing List4,559

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

Monaco · Monaco

UN Security Council Consolidated Sanctions1,238

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

UNSC

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

UK HMT/OFSI Consolidated List of Targets6,277

The United Kingom's consolidated international sanctions list.

United Kingdom · OFSI

Japan Economic Sanctions and List of Eligible People3,598

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

Japan · MoF

DPRK Reports5,540

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

United Kingdom · RUSI · non-official source

US Trade Consolidated Screening List (CSL)20,801

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

UK FCDO Sanctions List4,678

UK sanctions collated by the Foreign, Commonwealth & Development Office

United Kingdom · FCDO

US SAM Procurement Exclusions120,096

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

United States · GSA

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

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

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

US OFAC Specially Designated Nationals (SDN) List33,150

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

United States · OFAC

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

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

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

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

External databases

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

OpenCorporates866

The largest open database of company data in the world, with data from over 140 registries.

External dataset · OpenCorporates.com · non-official source

PermID Open Data2,939

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: gb-hmt-13355 · ja-mof-8fbdde02574bfb253a457a2f811aae9c18f38530 · oc-companies-gb-fc018996 · mc-freezes-0b6e4ae41df9515b1d12ed65d4027c77f1986be6 · ua-sfms-1520 · ofac-20573 · NK-HninvQDWYicfF28BcAaAKE · eu-fsf-eu-4006-82 · permid-5000995938 · zafic-155-korean-national-insurance-company-knic · usgsa-s4mr5cscm · ch-seco-37026 · fr-ga-2410 · unsc-6908623 · gb-fcdo-dpr0168 · kprusi-a7e5f1ea829d87af3155064f40b71b067562f097 · md-terr-698a2e6e9380daa58ace711f5159e61d9709fd89 · qa-nctc-6908623-korean-national-insurance-company-knic · oc-companies-gb-br003264 · au-dfat-3280-korean-national-insurance-company-knic · ru-wmd-132-kpe-048 · il-wmd-237434246fb9d2169f07acc41307072088c73b10

For experts: raw data explorer

FactsheetDescriptionsData sources
OpenSanctions · Find sanctions targets and persons of interest
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