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Company

Korea Daesong Bank

Counter-sanctioned entity

North Korea. Named in 21 sanctions listings.

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Summary

Entity structure as published: Tüzel Kişi/Kuruluş/Organizasyon

Key player in North Korean international business activities. Daesong Bank is owned and controlled by Office 39 of the Workers’ Party of Korea (KPe.030). Blocked by SWIFT in March 2017.

Daesong Bank is owned and controlled by Office 39 of the Korea Workers’ Party.

(also CHOSON TAESONG UNHAENG, KOREA DAESONG BANK)

SWIFT/BIC：KDBKKPPY

Other information: Daesong Bank is owned and controlled by Office 39 of the Korea Workers’ Party. SWIFT/BIC: KDBKKPPY

(also CHOSON TAESONG UNHAENG, TAESONG BANK)

Daesong Bank is owned and controlled by Office 39 of the Workers Party of Korea, a designated entity.

Daesong Bank is owned and controlled by Office 39 of the Korea Workers Party. SWIFT/BIC: KDBKKPPY

(Date of UN designation: 2016-11-30)

"To support its efforts, Office 39 controls Korea Daesong Bank (KDB), which is used to facilitate financial transactions supporting the procurement of luxury goods"; "Treasury designated KDB under E.O. 13551 in November 2010 as an instrumentality of Office 39"; "In spite of its designation, KDB continues to conduct illicit transactions on behalf of the regime"

PHONE 850 2 381 8221; PHONE 850 2 18111 ext. 8221; FAX 850 2 381 4576; TELEX 360230 and 37041 KDP KP; TGMS daesongbank; EMAIL kdb@co.chesin.com

KPe.035. Daesong Bank is owned and controlled by Office 39 of the Korea Workers’ Party. SWIFT/BIC: KDBKKPPY

(also TAESONG BANK, KOREA DAESONG BANK)

Annex X (p. 63) of the UN Panel of Experts June 2012 report features Telex numbers 360230 and 37041 KDP KP; TGMS daesongbank.

Adresse : Segori-dong, rue Gyongheung district de Pot'onggang, Pyongyang, RPDC

SWIFT/BIC: KDBKKPPY

appartient au Bureau 39 du Parti des travaillleurs de Corée (une entité désignée) et est contrôlée par lui

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

SWIFT/BIC：KDBK KP PY

décision du comité des sanctions des Nations unies du 30/11/2016 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509) (FondementJuridique: 413)

Daesong Bank is owned and controlled by Office 39 of the Korea Workers’ Party. SWIFT/BIC: KDBKKPPY

Sanctions and listings21

  • Listed
    27 Jul 2012

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • Official designation

    Ministry of Economy, Trade and IndustryJapan METI End User ListJapan

    Weapon Types: Biological, Chemical, Missile, Nuclear

    meti.go.jpmeti.go.jp

  • Listed
    30 Nov 2016; 24 Feb 2021

    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
    27 Jul 2012

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • Listed
    18 Nov 2010

    North Korea Sanctions - DPRK

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

    DPRK 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 13551 (North Korea)

    Programme US-NKReference 12312treasury.govofac.treasury.gov

  • North Korea Sanctions - 1718 (DPRK)

    Department of Foreign Affairs and TradeAustralian Sanctions Consolidated ListAustralia

    Targeted financial sanction and travel ban

    Listed on: 30 Nov. 2016

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

  • Effective
    30 Nov 2016

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

    Programme GB-DPRKReference DPR0147Reference 11286Reference KPe.035Last updated 14 Jan 2022gov.ukgov.uk

  • Listed
    3 Jan 2017

    Резолюція РБ ООН 1718 (2006)

    State Finance Monitoring ServiceUkraine SFMS BlacklistUkraine

    fiu.gov.ua

  • Listed
    23 Dec 2010; 31 Aug 2017

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

    Federal Public Service FinanceBelgian Financial SanctionsBelgium

    1251/2010 (OJ L341)

    2017/1509 (OJ L224)

    Programme EU-PRKfinance.belgium.besanctionsmap.eu

  • Listed
    30 Nov 2016

    DPRK

    Ministerio de JusticiaArgentina RePET SanctionsArgentina

    Referencia publicada: KPe.035

    Reference KPe.035repet.jus.gob.ar

  • Official designation

    La Principauté de MonacoMonaco National Fund Freezing ListMonaco

    décision du comité des sanctions des Nations unies du 30/11/2016 and (ue) 2017/1509 du 30/08/2017

    Autorité de désignation publiée : Organisation des Nations unies

    appartient au Bureau 39 du Parti des travaillleurs de Corée (une entité désignée) et est contrôlée par lui

    geldefonds.gouv.mc

  • North Korea Sanctions - décision du comité des sanctions des Nations unies du 30/11/2016 (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

    appartient au Bureau 39 du Parti des travaillleurs de Corée (une entité désignée) et est contrôlée par lui

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

  • Effective
    9 Dec 2016

    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 #35mof.go.jp

  • Listed
    30 Nov 2016

    North Korea Sanctions - DPRK

    United Nations Security CouncilUN Security Council Consolidated Sanctions

    Programme UN-SC1718Reference KPe.035un.orgun.org

  • Listed
    15 Apr 2025; 1 Dec 2016
    Effective
    30 Nov 2016; 15 Apr 2025

    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 35557Reference KPe.035seco.admin.chseco.admin.ch

  • Listed
    31 Aug 2017
    Effective
    30 Nov 2016

    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

    regulationType=repealing; organisationType=council

    Designation date published: 2016-11-30

    2017/1509 (OJ L224)

    Programme EU-PRKReference EU.4105.82eur-lex.europa.eusanctionsmap.eu

  • Listed
    27 Jul 2012

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • 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
    30 Nov 2016

    Official designation

    Financial Intelligence CentreSouth Africa Targeted Financial SanctionsSouth Africa

    Reference KPe.035fic.gov.za

  • Effective
    30 Aug 2013

    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

    Ministry of FinanceJapan Economic Sanctions and List of Eligible PeopleJapan

    Reference 4(#35)mof.go.jp

  • 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

Connections23

Members and officers10

  • Chol Sam KimCounter-sanctioned entitySanctionedDebarredExport controlled
    Employee
    Born 11 Mar 1971North Korea
  • Kang MinSanctionedDebarredExport controlled
    Representative based in Beijing, China
    Born 7 May 1980ChinaNorth Korea
  • In Chun OSanctionedDebarredExport controlled
    Representative in Vladivostok
    Born 3 Jul 1969RussiaNorth Korea
  • Kim Sang-HoSanctionedDebarredExport controlled
    Representative based in Yanji, China
    Born 16 May 1957ChinaNorth Korea
  • Mun Il PakCounter-sanctioned entitySanctionedDebarredExport controlled
    Former overseas representative based in Yanji, China
    Born 1 Jan 1965ChinaNorth Korea
  • Kim Chol Ok
    Representative in Indonesia
    IndonesiaNorth Korea

Other links13

  • PersonIn Chun OSanctionedDebarredExport controlled
    Represented by
    "Acting for or on behalf of"Born 3 Jul 1969RussiaNorth Korea
  • PersonYong Chol HoSanctionedDebarredExport controlled
    Represented by
    "Acting for or on behalf of"Born 12 Dec 1968ChinaNorth Korea
  • OrganizationTaesong Group
    Linked from
    "Korea Daesong Bank is part of the Taesong Group"
  • OrganizationDemocratic People’s Republic of KoreaSanctioned
    Linked from
    North Korea
  • OrganizationDaedong Credit BankCounter-sanctioned entitySanctionedDebarredExport controlledPerson of interest
    Linked from
    "Korea Daesong Bank is a joint venture partner and 30% owner of Daedong Credit Bank"North Korea
  • OrganizationPeregrine DPRK Holdings Ltd.
    Linked from
    "Joint venture partners"

Identifiers1

IdentifierNumber
SWIFT / BICKDBKKPPY

Other names17

Also known as17

KDBChoson Taesong Unhaengチョソン・テソン・ウンハン；テソン・バンク조선대성은행CHOSON TAESONG UNHAENGTAESONG BANKChosen Taesong UnhaengTae-bankChoson Taesong Unhaeng；Taesong BankChosun Tae Seong-Unhan大成银行Taesong BankTaesong General Trading CorporationChosong Taesong Unhaengمصروف كوريا دايسونغKOREA DAESONG BANKコリア・デソン・バンク

Addresses14

  • Segori-dong, Gyongheung St. Potonggang District, Pyongyang, Democratic People's Republic of Korea

  • Pyongyang, North Korea

  • Segori-dong, Gyongheung Street, Pyongyang, DPR Korea

  • Segori-dong, Gyongheung St., Potonggang District, Pyongyang, Korea, North

  • Segori-dong, Gyongheung St. Potonggang District Pyongyang Democratic People's Republic of Korea

  • Segori-dong, Gyongheung St. Potonggang District, Pyongyang, North Korea

  • Segori-dong, Gyongheung St. Potonggang District Pyongyang Democratic Peoples Republic of Korea

  • Segori-dong, Gyongheung St., Pyongyang

  • 北朝鮮平壌特別市普通江区域セゴリ洞慶興通り

  • Segori-dong, Gyongheung St., Potonggang District Pyongyang Korea, North

  • Segori-dong, Gyongheung St., Potonggang District, Pyongyang

  • Segori-dong, Gyongheung St., Potonggang District, Pyongyang, KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF

  • Segori-dong, rue Gyongheung district de Pot'onggang, Pyongyang, RPDC

  • Segori-dong, Gyongheung, Pyongyang, North Korea

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