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Pan Systems Pyongyang

Sanctioned entity

Pan Systems Pyongyang is subject to sanctions. See the individual program listings below.

Type	Company				[sources]
Name	Glocom · International Global System · International Golden Services · PAN SYSTEMS PYONGYANG · Pan Systems Pte. Ltd. (Pyongyang branch) · 2 more...				[sources]
Other name	Glocom · Glocom International Golden Services · International Global System · International Golden Services · International Golden Services, International Global System · 4 more...				[sources]
Incorporation date	not available				[sources]
Jurisdiction	not available				[sources]
Country	North Korea				[sources]
Description	Key player in financial operations related to the network of Global Communications (Glocom) in order to circumvent sanctions on behalf of the DPRK. Pan Systems in Singapore started doing business in 1996. Almost two years later, Ryang Su Nyo suggested establishing a representative office to help her in sales and logistics. The company is operated by the DPRK Reconnaissance General Bureau (RGB; KPe.031) and was designated by South Korea in March 2016. "According to a UN Member State, an Indonesian company, Advanced Technology Facility, on behalf of Pan Systems Pyongyang, provided training on how to use Glocom radios to the Ethiopian National Defence Forces in December 2022."				[sources]
Phone	+850-218-111 (ext. 8636)				[sources]
Registration number	not available				[sources]
Website	glocom-corp.com				[sources]
Address	Room 818, Pothonggang Hotel, Ansan-1-Dong, Pyongchon district, Pyongyang, North Korea · Room 818, Pothonggang Hotel, Ansan-Dong, Pyongchon district, Pyongyang · Room 818, Pothonggang Hotel, Ansan-Dong, Pyongchon district, Pyongyang, RPDC · Room 818, Pothonggang Hotel, Ansan-Dong, Pyongyang, North Korea				[sources]
Source link	gels-avoirs.dgtresor.gouv.fr · www.nknews.org				[sources]
Last change	2024-10-14	Last processed	2024-10-29	First seen	2023-04-20

Descriptions

Pan Systems is controlled by and works on behalf of the Reconnaissance General Bureau

— Belgian Financial Sanctions, 2024-03-28

Pan Systems is controlled by and works on behalf of the Reconnaissance General Bureau

— EU Financial Sanctions Files (FSF), 2024-03-28

Pan Systems a aidé à contourner les sanctions imposées par le Conseil de sécurité des Nations unies en tentant de vendre des armes et du matériel connexe à l’Érythrée. En outre, Pan Systems est contrôlée par le Reconnaissance General Bureau (Bureau général de reconnaissance), entité qui a été désignée par les Nations unies, et œuvre pour son compte. Dans son rapport final de mars 2023, le groupe d’experts des Nations unies présente des informations selon lesquelles Pan Systems continue de participer à des tentatives d’exportation d’armes.

— French National Asset Freezing System, 2023-11-15

Pan Systems is also controlled by and works on behalf of the Reconnaissance General Bureau which has been designated by the United Nations.

— UK FCDO Sanctions List, 2024-05-09

Pan Systems is also controlled by and works on behalf of the Reconnaissance General Bureau which has been designated by the United Nations.

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

According to Paragraph 85 (p. 36) of the UN Panel of Experts February 2017 report, the Panel is investigating if Pan System Pyongyang's alias "Wonbang Trading Co." is actually referring to the North Korean company "Wonbong Trading Co.". Global Communications as well as International Golden Services and International Global System are listed as aliases of Pan Systems Pte. Ltd. (Pyongyang branch) in the recommendation for designation by the UN Panel of Experts since September 2017.

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

Relationships

Address
Full address	Country
Room 818, Pothonggang Hotel, Ansan-Dong, Pyongchon district, Pyongyang · Room 818, Pothonggang Hotel, Ansan-Dong, Pyongchon district, Pyongyang, Democratic People’s Republic of Korea · Room 818, Pothonggang Hotel, Ansan-Dong, Pyongchon district, Pyongyang, KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF	North Korea

Employees
Employee	Role	Start date	End date
Kim Pyong Chol	Employee	-	-
Ri Sin Song	Employee	-	-
Ryang Su Nyo	Director	-	-
Pyon Won Gun	Employee (responsible for acquisition matters)	-	-
Kim Chang Hyok	Representative in Malaysia	-	-
Kim Sung Su	Representative in China	-	-
Pae Won Chol	Employee	-	-

Linked from
Subject	Role	Start date	End date
Daedong Credit Bank	Client of Daedong Credit Bank	-	-

Linked to
Object	Role	Start date	End date
Advanced Technology Facility	Associated	-	-
International Global Systems Sdn Bhd	International Global Systems is a front company of Pan Systems Pyongyang	-	-
Korea Hyoksin Trading Corporation	Pan Systems Pyongyang regularly received funds from Korea Hyoksin Trading	2011	2013
Zagre Computer Components and Assembly Line Company	Business partner	2019	-
Global Communications Co.	Global Communications Co. is a front company of Pan Systems Pyongyang	-	-
International Golden Services Sdn Bhd	International Golden Services is a front company of Pan Systems Pyongyang	-	-
Pan Systems (S) Pte. Ltd.	Linked	-	-
Korea Mining Development Trading Corporation	Pan Systems Pyongyang regularly received funds from KOMID	2011	2015
Reconnaissance General Bureau	Pan Systems Pyongyang is operated by the Reconnaissance General Bureau	-	-

Sanctions
Authority	Program	Start date	End date
Federal Public Service Finance	PRK	2023-11-15	-
Foreign, Commonwealth & Development Office · UK	The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019	2020-12-31	-
Direction Générale du Trésor	(UE) 2017/1859 du 16/10/2017 - (UE Corée du Nord - Règlement (UE) 2017/1509) · (UE) 2020/1129 du 30/07/2020 (UE Corée du Nord - Règlement (UE) 2017/1509) · (UE) 2022/1331 du 28/07/2022 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509) · (UE) 2023/2576 du 13/11/2023 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509)	-	-
Directorate‑General for Financial Stability, Financial Services and Capital Markets Union	PRK	2023-11-15	-
Office of Financial Sanctions Implementation · UK	Democratic People's Republic of Korea	2020-12-31	-
La Principauté de Monaco	-	-	-

Data sources

Monaco National Fund Freezing List4,559

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

Monaco · Monaco

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

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

DPRK Reports5,540

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

United Kingdom · RUSI · non-official source

UK FCDO Sanctions List4,678

UK sanctions collated by the Foreign, Commonwealth & Development Office

United Kingdom · FCDO

Source data IDs: mc-freezes-c47fa2c8fb502d4695cef07b1c38c8993a94b8a2 · eu-fsf-eu-4082-36 · fr-ga-2426 · kprusi-d34a6b248122bde65f048b256557d199405a0046 · gb-fcdo-dpr0064 · gb-hmt-13553

For experts: raw data explorer

Factsheet Descriptions Data sources

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Address
Full address	Country
Room 818, Pothonggang Hotel, Ansan-Dong, Pyongchon district, Pyongyang · Room 818, Pothonggang Hotel, Ansan-Dong, Pyongchon district, Pyongyang, Democratic People’s Republic of Korea · Room 818, Pothonggang Hotel, Ansan-Dong, Pyongchon district, Pyongyang, KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF	North Korea

Employees
Employee	Role	Start date	End date
Kim Pyong Chol	Employee	-	-
Ri Sin Song	Employee	-	-
Ryang Su Nyo	Director	-	-
Pyon Won Gun	Employee (responsible for acquisition matters)	-	-
Kim Chang Hyok	Representative in Malaysia	-	-
Kim Sung Su	Representative in China	-	-
Pae Won Chol	Employee	-	-

Linked from
Subject	Role	Start date	End date
Daedong Credit Bank	Client of Daedong Credit Bank	-	-

Linked to
Object	Role	Start date	End date
Advanced Technology Facility	Associated	-	-
International Global Systems Sdn Bhd	International Global Systems is a front company of Pan Systems Pyongyang	-	-
Korea Hyoksin Trading Corporation	Pan Systems Pyongyang regularly received funds from Korea Hyoksin Trading	2011	2013
Zagre Computer Components and Assembly Line Company	Business partner	2019	-
Global Communications Co.	Global Communications Co. is a front company of Pan Systems Pyongyang	-	-
International Golden Services Sdn Bhd	International Golden Services is a front company of Pan Systems Pyongyang	-	-
Pan Systems (S) Pte. Ltd.	Linked	-	-
Korea Mining Development Trading Corporation	Pan Systems Pyongyang regularly received funds from KOMID	2011	2015
Reconnaissance General Bureau	Pan Systems Pyongyang is operated by the Reconnaissance General Bureau	-	-

Sanctions
Authority	Program	Start date	End date
Federal Public Service Finance	PRK	2023-11-15	-
Foreign, Commonwealth & Development Office · UK	The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019	2020-12-31	-
Direction Générale du Trésor	(UE) 2017/1859 du 16/10/2017 - (UE Corée du Nord - Règlement (UE) 2017/1509) · (UE) 2020/1129 du 30/07/2020 (UE Corée du Nord - Règlement (UE) 2017/1509) · (UE) 2022/1331 du 28/07/2022 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509) · (UE) 2023/2576 du 13/11/2023 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509)	-	-
Directorate‑General for Financial Stability, Financial Services and Capital Markets Union	PRK	2023-11-15	-
Office of Financial Sanctions Implementation · UK	Democratic People's Republic of Korea	2020-12-31	-
La Principauté de Monaco	-	-	-