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Company

Koryo Credit Development Bank

Counter-sanctioned entity

North Korea. Named in 20 sanctions listings.

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Summary

Entity structure as published: Tüzel Kişi/Kuruluş/Organizasyon

Joint venture with Koryo Bank (KPe.045). Koryo Credit Development Bank operates in the financial services industry in the DPRK’s economy.

all offices worldwide

Annex XXIII (p. 132) of the UN Panel of Experts Report June 2013 states uncertainty if this entity is active.

(also KORYO CREDIT DEVELOPMENT BANK)

(Date of UN designation: 2017-08-05)

Koryo Credit Development Bank operates in the financial services industry in the DPRK’s economy.

(UE) 2017/1509 du 30/08/2017 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509) (FondementJuridique: 421)

Adresse : Pyongyang, RPDC

Koryo Credit Development Bank operates in the financial services industry in the DPRKs economy.

(also KORYO GLOBAL CREDIT BANK, KORYO GLOBAL TRUST BANK)

A des activités dans le secteur des services financiers de la RPDC

KPe.049. Koryo Credit Development Bank operates in the financial services industry in the DPRK's economy.

décision du comité des sanctions des Nations unies du 05/08/2017 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509) (FondementJuridique: 408)

Other information: Koryo Credit Development Bank operates in the financial services industry in the DPRKs economy.

Sanctions and listings20

  • Listed
    26 Jan 2017
    Effective
    2 Dec 2016

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • Effective
    16 Aug 2017

    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）

    Ministry of FinanceJapan Economic Sanctions and List of Eligible PeopleJapan

    Reference 49mof.go.jp

  • Listed
    31 Aug 2017
    Effective
    5 Aug 2017

    EU Restrictive Measures In Relation To The Non-Proliferation Of The Weapons Of Mass Destruction (WMD) - PRK

    Directorate‑General for Financial Stability, Financial Services and Capital Markets UnionEU Financial Sanctions Files (FSF)European Union

    Designation date published: 2017-08-05

    regulationType=repealing; organisationType=council

    2017/1509 (OJ L224)

    Programme EU-PRKReference EU.4133.58eur-lex.europa.eusanctionsmap.eu

  • Listed
    7 Aug 2017; 15 Apr 2025
    Effective
    15 Apr 2025; 5 Aug 2017

    Measures Against North Korea - Ordinance of 18 May 2016 on measures against North Korea (SR 946.231.127.6), annexes 1 et 6

    State Secretariat for Economic AffairsSwiss SECO Sanctions/EmbargoesSwitzerland

    Programme SECO-NORTHKOREAReference 37033Reference KPe.049seco.admin.chseco.admin.ch

  • North Korea Sanctions - décision du comité des sanctions des Nations unies du 05/08/2017 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509); (UE) 2017/1509 du 30/08/2017 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509)

    Direction Générale du TrésorFrench National Asset Freezing SystemFrance

    A des activités dans le secteur des services financiers de la RPDC

    Programme UN-SC1718gels-avoirs.dgtresor.gouv.frun.org

  • Effective
    5 Aug 2017

    UK sanctions relating to the Democratic People’s Republic of Korea - The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019

    Foreign, Commonwealth & Development Office; UNUK FCDO Sanctions ListUnited Kingdom

    Chartering of Ships, asset freeze, prevention of business arrangements, crew servicing of ships and aircraft, closure of representative offices and prohibition of port entry

    Programme GB-DPRKReference DPR0171Reference 13537Reference KPe.049Last updated 14 Jan 2022gov.ukgov.uk

  • Listed
    3 Feb 2017
    Effective
    2 Dec 2016

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • Listed
    26 Jan 2017
    Effective
    2 Dec 2016

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • North Korea Sanctions - 1718 (DPRK)

    Department of Foreign Affairs and TradeAustralian Sanctions Consolidated ListAustralia

    Targeted financial sanction and travel ban

    Listed on: 4 Aug. 2017

    Programme UN-SC1718Last updated 20 Feb 2026dfat.gov.auun.org

  • Listed
    16 Aug 2017

    Резолюції РБ ООН 1718 (2006)

    State Finance Monitoring ServiceUkraine SFMS BlacklistUkraine

    fiu.gov.ua

  • Comitetul Consiliului de Securitate al ONU instituit prin Rezoluția 1718 (2006) - RPDC

    Centrul Antiterorist al Serviciului de Informaţii şi Securitate al Republicii MoldovaMoldovan Sanctions for Terrorism and Proliferation of WMDMoldova

    antiteror.sis.md

  • Listed
    5 Aug 2017

    DPRK

    Ministerio de JusticiaArgentina RePET SanctionsArgentina

    Referencia publicada: KPe.049

    Reference KPe.049repet.jus.gob.ar

  • Official designation

    La Principauté de MonacoMonaco National Fund Freezing ListMonaco

    décision du comité des sanctions des Nations unies du 05/08/2017 and (ue) 2017/1509 du 30/08/2017

    Autorité de désignation publiée : Organisation des Nations unies

    A des activités dans le secteur des services financiers de la RPDC

    geldefonds.gouv.mc

  • Listed
    24 Feb 2021; 5 Aug 2017

    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.

    Republic of Türkiye Ministry of Treasury and Finance - Financial Crimes Investigation BoardTürkiye Asset Freezing Sanctions List (MASAK)Turkey

    Official Gazette as published: 24.02.2021-31405

    Decision as published: 24.2.2021/3578

    ms.hmb.gov.tren.hmb.gov.tr

  • Listed
    2 Dec 2016

    North Korea Sanctions - DPRK3

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

    Block and DPRK3

    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 20569treasury.govofac.treasury.gov

  • Listed
    3 Feb 2017
    Effective
    2 Dec 2016

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • Listed
    11 Aug 2017

    EU Restrictive Measures In Relation To The Non-Proliferation Of The Weapons Of Mass Destruction (WMD)

    Federal Public Service FinanceBelgian Financial SanctionsBelgium

    2017/1457 (OJ L208)

    Programme EU-PRKfinance.belgium.besanctionsmap.eu

  • Listed
    5 Aug 2017

    North Korea Sanctions - DPRK

    United Nations Security CouncilUN Security Council Consolidated Sanctions

    Programme UN-SC1718Reference KPe.049un.orgun.org

  • Effective
    12 Jul 2018

    Official designation

    Isreali Ministry of FinanceIsrael Prevention of Distribution and Financing of WMDs designations

    Last updated 12 Mar 2018gov.il

  • Listed
    5 Aug 2017

    Official designation

    Financial Intelligence CentreSouth Africa Targeted Financial SanctionsSouth Africa

    Reference KPe.049fic.gov.za

Connections3

Members and officers2

  • Kim Pong Hak
    Representative in Russia
    RussiaNorth Korea
  • RI SONG HYOKCounter-sanctioned entitySanctionedDebarredExport controlled
    Representative based in Beijing, China
    Born 19 Mar 1965ChinaNorth Korea

Other links1

  • Koryo BankCounter-sanctioned entitySanctionedDebarredExport controlled
    Linked to
    "Koryo Credit Development Bank is a joint venture with Koryo Bank."North Korea

Identifiers1

IdentifierNumber
SWIFT / BICKGCBKPPY

Other names12

Also known as12

대성신용개발은행Koryo Global Trust Bank조선신용투자회사デソン・クレジット・デベロップメント・バンク；コリョ・グローバル・クレジット・バンク；コリョ・グローバル・トラスト・バンク고려신용개발은행Daesong Credit Development BankKoryo-Global Credit BankKorea Credit Investment CompanyKoryo Global Credit BankKORYO CREDIT DEVELOPMENT BANKコリョ・クレジット・デベロップメント・バンクKORYO KALKINMA KREDİ BANKASI (KORYO CREDIT DEVELOPMENT BANK)

Addresses13

  • Pyongyang, North Korea

  • Pyongyang, DPR Korea

  • 北朝鮮平壌特別市

  • Pyongyang, DPRK

  • Pyongyang Democratic Peoples Republic of Korea

  • Pyongyang Democratic People's Republic of Korea

  • Yanggakdo International Hotel, RYUS Pyongyang Korea, North

  • Pyongyang, RPDC

  • YANGGAKDO INTERNATIONAL HOTEL, RYUS, PYONGYANG

  • Pyongyang, KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF

  • Segori-dong, Gyongheung Street, Pyongyang

  • Yanggakdo International Hotel, Pyongyang, North Korea

  • Pyongyang, Democratic People's Republic of Korea

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