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KOREA KWANGSON BANKING CORPORATION (KKBC)

Bank · Sanctioned entity

KOREA KWANGSON BANKING CORPORATION (KKBC) is subject to sanctions. See the individual program listings below.

Type	Company				[sources]
Name	KKBC · KOREA KWANGSON BANKING CORP · KOREA KWANGSON BANKING CORPORATION · KOREA KWANGSON BANKING CORPORATION (KKBC) · Korea Kwangson Banking Corporation · 4 more...				[sources]
Other name	Border Trade Settlement Bank · DPRK Border Trade Settlement Bank · KKBC · KOREA KWANGSON BANKING CORPORATION (KKBC) · Korea Kwangson Finance Company · 2 more...				[sources]
Weak alias	BTSB				[sources]
Incorporation date	not available				[sources]
Jurisdiction	not available				[sources]
Country	St. Kitts & Nevis · North Korea				[sources]
Description	KKBC provides financial services in support to Tanchon Commercial Bank (KPe.003) and Korea Hyoksin Trading Corporation (KPe.006), a subordinate of the Korea Ryonbong General Corporation (KPe.002). Tanchon Commercial Bank has used KKBC to facilitate funds transfers likely amounting to millions of dollars, including transfers involving Korea Mining Development Corporation (KPe.001) related funds. . Blocked by SWIFT in March 2017.				[sources]
ID Number	`BIC: KKBCKPPYXXX`				[sources]
Registration number	`LDX3YEMDHEJ7`				[sources]
SWIFT/BIC	`KKBCKPP1` · `KKBCKPPY`				[sources]
Address	CENTRAL DISTRICT JUNGSONG-DONG KKBC BUILDING PYONGYANG KOREA, DEMOCRATIC PEOPLE'S REP. OF · JUNGSON-DONG, SUNGRI STREET CENTRAL DISTRICT, PYONGYANG, KNA · JUNGSONG-DONG, CENTRAL DISTRICT KKBC BUILDING PYONGYANG KOREA, DEMOCRATIC PEOPLE'S REP. OF · Jungson-dong, Sungri Street, Central District, Pyongyang · Jungson-dong, Sungri Street, Central District, Pyongyang, Democratic People's Republic of Korea · 4 more...				[sources]
Source link	gels-avoirs.dgtresor.gouv.fr · sanctionssearch.ofac.treas.gov · www.nknews.org				[sources]
Last change	2024-10-14	Last processed	2024-10-15	First seen	2022-04-27

Descriptions

KKBC provides financial services in support to Tanchon Commercial Bank and Korea Hyoksin Trading Corporation, a subordinate of the Korea Ryonbong General Corporation. Tanchon Commercial Bank has used KKBC to facilitate funds transfers likely amounting to millions of dollars, including transfers involving Korea Mining Development Corporation related funds.

— Australian Sanctions Consolidated List, 2023-04-20

KKBC provides financial services in support to Tanchon Commercial Bank and Korea Hyoksin Trading Corporation, a subordinate of the Korea Ryonbong General Corporation. Tanchon Commercial Bank has used KKBC to facilitate funds transfers likely amounting to millions of dollars, including transfers involving Korea Mining Development Corporation related funds.

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

fournit des services financiers à l'appui de la Tanchon Commercial Bank et de la Korea Hyoksin Trading Corporation, une filiale de la Korea Ryonbong General Corporation. La Tanchon Commercial Bank a recouru au service de la KKBC pour effectuer des transferts de fonds représentant des millions de dollars, notamment des transferts de fonds liés à la Korea Mining Development Trading Corporation

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

KKBC provides financial services in support to Tanchon Commercial Bank and Korea Hyoksin Trading Corporation, a subordinate of the Korea Ryonbong General Corporation. Tanchon Commercial Bank has used KKBC to facilitate funds transfers likely amounting to millions of dollars, including transfers involving Korea Mining Development Corporation related funds.

— UK FCDO Sanctions List, 2024-05-09

KKBC provides financial services in support to Tanchon Commercial Bank and Korea Hyoksin Trading Corporation, a subordinate of the Korea Ryonbong General Corporation. Tanchon Commercial Bank has used KKBC to facilitate funds transfers likely amounting to millions of dollars, including transfers involving Korea Mining Development Corporation related funds.

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

KKBC

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

ケー・ケー・ビー・シー

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

According to Annex XXIII (p. 132) of the UN Panel of Experts June 2013 report, the Korea Kwangson Banking Corporation operates a branch in Dandong, China, under its former name "Korea Kwangson Finance Company".

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

Adresse : Jungson-dong, Sungri Street, Central District, Pyongyang, RPDC

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

КБКК оказывает финансовые услуги коммерческому бан- ку «Танчою» и Корейской торговой корпорации «Хёксию», являющейся дочерней компанией Корейской генеральной корпорации «Рёнбон». Коммерческий банк «Танчон» использует КБКК для осуществления перевадав финансовых средств в суммах, предположительно исчисляемых миллионами долларов, включая переводы средств, имеющих отношение к Корейской горнорудной торговой корпорации.

— 2021-11-21

KKBC provides financial services in support to Tanchon Commercial Bank and Korea Hyoksin Trading Corporation, a subordinate of the Korea Ryonbong General Corporation. Tanchon Commercial Bank has used KKBC to facilitate funds transfers likely amounting to millions of dollars, including transfers involving Korea Mining Development Corporation related funds.

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

Relationships

Address
Full address	Country
北朝鮮平壌特別市中区域中城洞勝利通り	-
Jungson-dong, Sungri Street, Central District, Pyongyang, Democratic People’s Republic of Korea	-
Jungson-dong, Sungri Street, Pyongyang, DPR Korea	North Korea
北朝鮮平壌特別市中区中城洞勝利通り	-
Jungson-dong, Sungri Street, Central District, Pyongyang, KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF	North Korea
Jungson-dong, Sungri Street, Central District, Pyongyang	North Korea
Jungson-dong, Sungri Street, Central District, Pyongyang, Democratic People's Republic of Korea	North Korea

Agents
Agent	Role	Start date	End date
JO CHOL SONG	Acting for or on behalf of	-	-
Sim Hyon Sop	Acting for or on behalf of	-	-

Employees
Employee	Role	Start date	End date
Choe Chol Ryong	Representative	-	-
JO CHOL SONG	Former Deputy Representative	-	-
Sim Hyon Sop	Representative (unconfirmed)	-	-

Linked from
Subject	Role	Start date	End date
China Construction Bank Corporation	China Construction Bank Corporation is a former bank account provider for Korea Kwangson Banking Corporation	-	-
Ilsim International Bank	related-to	-	-
Dandong Hongxiang Industrial Development Co Ltd	Dandong Hongxiang Industrial Developmentis is a front company of Korea Kwangson Banking · Joint venture partner	-	-
Far Eastern Commercial Bank	Far Eastern Commercial Bank is a former bank account provider for Korea Kwangson Banking Corporation	-	-
KIM NAM UNG	related-to	-	-
FOREIGN TRADE BANK (FTB)	related-to	-	-
Malaysia Korea Partners Group of Companies	Indirect link through the purchase of coal from the Democratic People’s Republic in Korea in Malaysia	-	-
Bank of China Ltd.	Bank of China Ltd. is a former bank account provider for Korea Kwangson Banking Corporation	-	-
T Specialist International (Singapore) Pte. Ltd.	There were repeated transfers made to T Specialist from the account at the Korea Kwangson Banking Corporation	-	-
PAK In Su	Associated	-	-

Linked to
Object	Role	Start date	End date
Good Field Trading Ltd.	Good Field Trading Ltd is a "false entity name" for the Korea Kwangson Banking Corporation	-	-
Korea Kwangson Banking Corporation (Dandong Representative Office)	Representative office	-	2016-07
Ilsim International Bank	Both entities have "a close relationship"	-	-
Tanchon Commercial Bank	Provider of financial services, including the facilitated transfer of KOMID-related funds	-	-
Golden Tiger Investment Group	Golden Tiger Investment Group is a "false entity name" for the Korea Kwangson Banking Corporation	-	-
Nice Field International	Nice Field International has been undertaking transactions on behalf of Korea Kwangsong Banking Corporation	-	-
Korea Hyoksin Trading Corporation	Provider of financial services	-	-
Dandong Hongxiang Industrial Logistics Co. Ltd.	Korea Kwangson Banking is a major shareholder of Dandong Hongxiang Industrial Logistics	-	-
Korea Mining Development Trading Corporation	Long-term provider of financial services to KOMID	-	-
FOREIGN TRADE BANK (FTB)	KKBC is subordinate to the Foreign Trade Bank	-	-

Sanctions
Authority	Program	Start date	End date
State Finance Monitoring Service	Резолюція РБ ООН 1718 (2006)	2017-01-03	-
Foreign, Commonwealth & Development Office · UN	The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019	2016-03-02	-
Republic of Türkiye Ministry of Treasury and Finance - Financial Crimes Investigation Board	Asset freezes within the scope of Articles 3.A and 3.B of Law No. 7262, aimed at preventing the financing of the proliferation of weapons of mass destruction.	-	-
Department of Foreign Affairs and Trade	1718 (DPRK)	2016-03-03	-
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 de sanction des Nations unies du 02/03/2016 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509)	-	-
UN Security Council	Resolution 2270 (2016)	-	-
Ministry of Economy, Trade and Industry	-	-	-
La Principauté de Monaco	-	-	-
Directorate‑General for Financial Stability, Financial Services and Capital Markets Union	PRK	2017-09-01	-
Office of Foreign Assets Control	SDN List	-	-
Centrul Antiterorist al Serviciului de Informaţii şi Securitate al Republicii Moldova	Comitetul Consiliului de Securitate al ONU instituit prin Rezoluția 1718 (2006)	-	-
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） · 国際平和のための国際的な努力に我が国として寄与するために講ずる資産凍結等の措置の対象となる	2013-08-30	-
TREAS-OFAC	Reciprocal	-	-
State Secretariat for Economic Affairs	Ordinance of 18 May 2016 on measures against North Korea (SR 946.231.127.6), annexes 1 et 6	2016-03-04	-
Office of Financial Sanctions Implementation · UN	Democratic People's Republic of Korea	2016-03-02	-
United Nations Security Council	DPRK	2016-03-02	-
Federal Public Service Finance	PRK	2017-09-01	-

Data sources

Business Identifier Code (BIC) Reference Data56,295

Reference data for SWIFT BIC code, including bank names and addresses

SWIFT

Swiss SECO Sanctions/Embargoes8,212

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

Switzerland · SECO

Moldovan Sanctions for Terrorism and Proliferation of WMD781

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

Moldova · CAS-SIS

Japan METI End User List700

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

Japan · METI

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

French National Asset Freezing System5,106

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

US Trade Consolidated Screening List (CSL)20,300

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

UK HMT/OFSI Consolidated List of Targets6,116

The United Kingom's consolidated international sanctions list.

United Kingdom · OFSI

UK FCDO Sanctions List4,570

UK sanctions collated by the Foreign, Commonwealth & Development Office

United Kingdom · FCDO

EU Financial Sanctions Files (FSF)6,351

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

US SAM Procurement Exclusions115,263

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

United States · GSA

Japan Economic Sanctions and List of Eligible People3,597

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

Japan · MoF

UN Security Council Consolidated Sanctions1,236

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

UNSC

Türkiye Asset Freezing Sanctions List (MASAK)2,220

Individuals, entities, and organizations whose assets are frozen by the Republic of Türkiye based on United Nations Security Council resolutions, requests from foreign countries, domestic decisions, and efforts to counter the financing of proliferation of weapons of mass destruction.

Türkiye · MASAK

Australian Sanctions Consolidated List4,259

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

Australia · DFAT

Monaco National Fund Freezing List4,954

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

Monaco · Monaco

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

Ukraine SFMS Blacklist870

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

Ukraine · SFMS

US OFAC Specially Designated Nationals (SDN) List31,956

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

United States · OFAC

Source data IDs: fr-ga-2384 · eu-fsf-eu-3317-39 · ja-mof-64b114c175e9952cf89ab750026ed248af96853f · bic-KKBCKPPY · md-terr-ca6bed5b50913d5eeb83e7d56fc5d43acb149b0d · au-dfat-3167-korea-kwangson-banking-corporation-kkbc · unsc-6908518 · ru-wmd-109-kpe-025 · gb-hmt-12452 · mc-freezes-b2f37ac24d5a447d21ad31d4ae5f9d450d1c9844 · NK-G5J25iQAsjpGSZ6QrPVLrh · kprusi-39c995d8e4404c640df1efc1eec940d2863ac7db · usgsa-s4mr3qbg5 · ua-sfms-1451 · ofac-11581 · tr-fcib-0f9858b34bee4e720491ebeaf6fd9449dbed3d91 · qa-nctc-6908518-korea-kwangson-banking-corporation-kkbc · NK-4yETP7WrEQAqN8zjAHWhoC · gb-fcdo-dpr0155 · jp-eul-67a64a85cc9b197c681ebf425d0d7ba7ada5a357 · ch-seco-33918 · bic-KKBCKPP1

For experts: raw data explorer

Factsheet Descriptions Data sources

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Address
Full address	Country
北朝鮮平壌特別市中区域中城洞勝利通り	-
Jungson-dong, Sungri Street, Central District, Pyongyang, Democratic People’s Republic of Korea	-
Jungson-dong, Sungri Street, Pyongyang, DPR Korea	North Korea
北朝鮮平壌特別市中区中城洞勝利通り	-
Jungson-dong, Sungri Street, Central District, Pyongyang, KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF	North Korea
Jungson-dong, Sungri Street, Central District, Pyongyang	North Korea
Jungson-dong, Sungri Street, Central District, Pyongyang, Democratic People's Republic of Korea	North Korea

Agents
Agent	Role	Start date	End date
JO CHOL SONG	Acting for or on behalf of	-	-
Sim Hyon Sop	Acting for or on behalf of	-	-

Employees
Employee	Role	Start date	End date
Choe Chol Ryong	Representative	-	-
JO CHOL SONG	Former Deputy Representative	-	-
Sim Hyon Sop	Representative (unconfirmed)	-	-

Linked from
Subject	Role	Start date	End date
China Construction Bank Corporation	China Construction Bank Corporation is a former bank account provider for Korea Kwangson Banking Corporation	-	-
Ilsim International Bank	related-to	-	-
Dandong Hongxiang Industrial Development Co Ltd	Dandong Hongxiang Industrial Developmentis is a front company of Korea Kwangson Banking · Joint venture partner	-	-
Far Eastern Commercial Bank	Far Eastern Commercial Bank is a former bank account provider for Korea Kwangson Banking Corporation	-	-
KIM NAM UNG	related-to	-	-
FOREIGN TRADE BANK (FTB)	related-to	-	-
Malaysia Korea Partners Group of Companies	Indirect link through the purchase of coal from the Democratic People’s Republic in Korea in Malaysia	-	-
Bank of China Ltd.	Bank of China Ltd. is a former bank account provider for Korea Kwangson Banking Corporation	-	-
T Specialist International (Singapore) Pte. Ltd.	There were repeated transfers made to T Specialist from the account at the Korea Kwangson Banking Corporation	-	-
PAK In Su	Associated	-	-

Linked to
Object	Role	Start date	End date
Good Field Trading Ltd.	Good Field Trading Ltd is a "false entity name" for the Korea Kwangson Banking Corporation	-	-
Korea Kwangson Banking Corporation (Dandong Representative Office)	Representative office	-	2016-07
Ilsim International Bank	Both entities have "a close relationship"	-	-
Tanchon Commercial Bank	Provider of financial services, including the facilitated transfer of KOMID-related funds	-	-
Golden Tiger Investment Group	Golden Tiger Investment Group is a "false entity name" for the Korea Kwangson Banking Corporation	-	-
Nice Field International	Nice Field International has been undertaking transactions on behalf of Korea Kwangsong Banking Corporation	-	-
Korea Hyoksin Trading Corporation	Provider of financial services	-	-
Dandong Hongxiang Industrial Logistics Co. Ltd.	Korea Kwangson Banking is a major shareholder of Dandong Hongxiang Industrial Logistics	-	-
Korea Mining Development Trading Corporation	Long-term provider of financial services to KOMID	-	-
FOREIGN TRADE BANK (FTB)	KKBC is subordinate to the Foreign Trade Bank	-	-

Sanctions
Authority	Program	Start date	End date
State Finance Monitoring Service	Резолюція РБ ООН 1718 (2006)	2017-01-03	-
Foreign, Commonwealth & Development Office · UN	The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019	2016-03-02	-
Republic of Türkiye Ministry of Treasury and Finance - Financial Crimes Investigation Board	Asset freezes within the scope of Articles 3.A and 3.B of Law No. 7262, aimed at preventing the financing of the proliferation of weapons of mass destruction.	-	-
Department of Foreign Affairs and Trade	1718 (DPRK)	2016-03-03	-
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 de sanction des Nations unies du 02/03/2016 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509)	-	-
UN Security Council	Resolution 2270 (2016)	-	-
Ministry of Economy, Trade and Industry	-	-	-
La Principauté de Monaco	-	-	-
Directorate‑General for Financial Stability, Financial Services and Capital Markets Union	PRK	2017-09-01	-
Office of Foreign Assets Control	SDN List	-	-
Centrul Antiterorist al Serviciului de Informaţii şi Securitate al Republicii Moldova	Comitetul Consiliului de Securitate al ONU instituit prin Rezoluția 1718 (2006)	-	-
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） · 国際平和のための国際的な努力に我が国として寄与するために講ずる資産凍結等の措置の対象となる	2013-08-30	-
TREAS-OFAC	Reciprocal	-	-
State Secretariat for Economic Affairs	Ordinance of 18 May 2016 on measures against North Korea (SR 946.231.127.6), annexes 1 et 6	2016-03-04	-
Office of Financial Sanctions Implementation · UN	Democratic People's Republic of Korea	2016-03-02	-
United Nations Security Council	DPRK	2016-03-02	-
Federal Public Service Finance	PRK	2017-09-01	-