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Company

KOREA UNGUM COMPANY

Sanctioned entity

Russia. Named in 4 sanctions listings.

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Summary

Involved in the sale and export of musical instruments to a Russian company on behalf of the Foreign Trade Bank of the DPRK (KPe.047) since 2017. Designated by the United States in August 2013 for being a front company of the Foreign Trade Bank.

(also KOREA UNGUM COMPANY)

(also KOREA UNGUM CORPORATION)

Sanctions and listings4

  • Listed
    23 Aug 2018
    Effective
    3 Aug 2018

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • Listed
    3 Aug 2018

    North Korea Sanctions - DPRK3

    Office of Foreign Assets ControlUS OFAC Specially Designated Nationals (SDN) ListUnited States

    DPRK3 and block

    Secondary sanctions risk: North Korea Sanctions Regulations, sections 510.201 and 510.210

    Transactions Prohibited For Persons Owned or Controlled By U.S. Financial Institutions: North Korea Sanctions Regulations section 510.214

    Executive Order 13722 (North Korea)

    Programme US-NKReference 24515treasury.govofac.treasury.gov

  • Democratic People's Republic Of Korea (North Korea) Sanctions Regime - Autonomous (DPRK)

    Department of Foreign Affairs and TradeAustralian Sanctions Consolidated ListAustralia

    Targeted financial sanction

    Autonomous Sanctions (Designated Persons and Entities and Declared Persons—Democratic People’s Republic of Korea) Amendment (No. 2) Instrument 2022

    Programme AU-DPRKLast updated 26 Mar 2022dfat.gov.audfat.gov.au

  • Listed
    23 Aug 2018
    Effective
    3 Aug 2018

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

Connections9

Members and officers1

Other links8

  • OrganizationCommercial Bank AgrosoyuzSanctionedDebarredExport controlled
    Linked from
    "Agrosoyuz Commercial Bank is a former bank account provider for Korea Ungum Corporation"Russia
  • PersonRi Yong Su
    Linked from
    "Autorized signatory of the company's bank accounts at Meinl Bank"Born 10 Jun 1959North Korea
  • PersonJo Kwang Chol
    Linked from
    "Had a fabricated labour contract as agent of Korea Ungum Corporation"Born 5 Aug 1975AustriaNorth Korea
  • PersonHyon Yong Il
    Linked from
    "Autorized signatory of the company's bank accounts at Meinl Bank"Born Mar 1964AustriaNorth Korea
  • OrganizationBANK SPUTNIK CJSCSanctionedDebarredExport controlled
    Linked from
    "Sputnik Bank is a former bank account provider for Korea Ungum"Russia
  • PersonKim Yu Jin
    Linked from
    "Autorized signatory of the company's bank accounts at Meinl Bank"Born 23 Sep 1963North Korea

Other names4

Also known as4

Korea Yngum CorporationTS Ungum CorporationKorea Ungum CompanyKorea Ungum Corporation

Addresses4

  • Pyongyang, North Korea

  • Pyongyang

  • Pyongyang Korea, North

  • Pyongyang, Democratic People's Republic of Korea

    North Korea

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