April 28, 2016: EU, HMT update North Korea sanctions

On Thursday, Her Majesty’s Treasury (HMT) implemented Commission Implementing Regulation (EU) No 2016/659 by adding the following entity to its Consolidated List under its North Korean sanctions program:

KOREA NATIONAL INSURANCE CORPORATION (KNIC)
a.k.a: (1) Korea Foreign Insurance Company (2) Korea National Insurance Corporation of Alloway Address: (1) Haebangsan-dong, Central District, Pyongyang,
DPRK. (2) Kidbrooke Park Road, Blackheath, London, SE3 0LW. (3) Rahlstedter Strasse 83a, Hamburg, 22149. Other Information: Korea National Insurance Corporation (KNIC), a State-owned and controlled company, is generating substantial foreign exchange revenue which could contribute to the DPRK’s nuclear-related, ballistic-missile- related or other weapons-of-mass-destruction related programmes. Furthermore, the KNIC headquarters Pyongyang is linked to Office 39 of the Korean Worker’s Party, a designated entity. Listed on: 28/04/2016 Last Updated: 28/04/2016 Group ID: 13355.

And removed the following, which is related, but not the same entity:

KOREA NATIONAL INSURANCE COMPANY (KNIC) GMBH
a.k.a: Korea Foreign Insurance Company Address: Rahlstedter Strasse 83 a, Hamburg, 22149 . Other Information: EU listing. Not UN. KNIC GmbH is a subsidiary controlled by KNIC headquarters in Pyongyang (address Haebangsan-dong, Central District, Pyongyang, DPRK), a government entity. It generates substantial foreign exchange revenue which is used to support the regime in North Korea. The KNIC headquarters Pyongyang is linked to Office 39 of the Korean Worker’s Party. Listed on: 03/07/2015 Last Updated: 28/04/2016 Group ID: 13261.

Additionally, the following were updated:

1. CHOE, Chun-Sik
DOB: 23/12/1963. POB: Pyongyang, DPRK Passport Details: Passport No 745132109. Valid until 12.2.2020 Position: Director in the reinsurance department of Korea National Insurance Corporation (KNIC) Headquarters in Pyongyang Address: Rahlstedter Strasse 83 a, Hamburg, 22149. Other Information: EU listing. Not UN. Authorised plenipotentiary representative of KNIC GmbH, acting on behalf of KNIC or at its direction. Continues to act for or on behalf of KNIC or at its direction. Listed on: 03/07/2015 Last Updated: 03/07/2015 28/04/2016 Group ID: 13257.

KANG, Song-SNam
DOB: 05/07/1972. POB: Pyongyang, DPRK Address: Rahlstedter Strasse 83 a, Hamburg, 22149. Other Information: EU listing. Not UN. Former authorised plenipotentiary representative of KNIC GmbH, acting continues to act for or on behalf of KNIC or at its direction. Listed on: 03/07/2015 Last Updated: 03/07/201528/04/2016 Group ID: 13256.

KIM, Il-Su
DOB: 02/09/1965. POB: Pyongyang, DPRK Position: Manager in the reinsurance department of Korea National Insurance Corporation (KNIC) Headquarters in Pyongyang Address: Rahlstedter Strasse 83 a, Hamburg, 22149. Other Information: EU listing. Not UN. Former authorised chief plenipotentiary representative of KNIC in Hamburg GmbH, acting on behalf of KNIC or at its direction. Listed on: 03/07/2015 Last Updated: 03/07/2015 28/04/2016 Group ID: 13255.

PAK, Chun-San
DOB: 18/12/1953. POB: Pyongyang, DPRK Passport Details: Passport No: PS472220097 Position: Director in the reinsurance Department of Korea National Insurance Corporation (KNIC) Head of Department of KNIC Headquarters in Pyongyang Other Information: EU listing. Not UN. Former authorised plenipotentiary Chief Representative of KNIC GmbH in Hamburg. Continues to act Acting on behalf of KNIC or at its direction. Listed on: 03/07/2015 Last Updated: 03/07/2015 28/04/2016 Group ID: 13259.

SIN, Kyu-Nam
DOB: 12/09/1972. POB: Pyongyang, DPRK Passport Details: Passport No: PO472132950 Position: Director in the reinsurance Department of Korea National Insurance Corporation (KNIC) Head of Department of KNIC Headquarters in Pyongyang Other Information: EU listing. Not UN. Former authorised plenipotentiary representative of KNIC GmbH in Hamburg. Acting for or on behalf of KNIC or at its direction. Listed on: 03/07/2015 Last Updated: 03/07/2015 28/04/2016 Group ID: 13258.

SO, Tong Myong
DOB: 10/09/1956. Position: Managing Director of KNIC Gmbh Hamburg President of Korea National Insurance Corporation (KNIC), Other Information: EU listing. Not UN. Acts on behalf of KNIC or at its direction. Listed on: 03/07/2015 Last Updated: 03/07/2015 28/04/2016 Group ID: 13260.