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Company

Korea United Development Bank

Counter-sanctioned entity

North Korea. Named in 18 sanctions listings.

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Summary

Entity structure as published: Tüzel Kişi/Kuruluş/Organizasyon

Korea United Development Bank operates in the financial services industry of the DPRK economy.

KPe.033. Korea United Development Bank operates in the financial services industry of the DPRK economy. SWIFT/BIC: KUDBKPPY

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

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

Adresse : Pyongyang, RPDC

SWIFT/BIC: KUDBKPPY

Korea United Development Bank operates in the financial services industry of the DPRK economy. SWIFT/BIC: KUDBKPPY

Korea United Development Bank Operates in the financial services industry of the North Korean economy.

Other information: Korea United Development Bank operates in the financial services industry of the DPRK economy. SWIFT/BIC: KUDBKPPY

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)

SWIFT/BIC：KUDBKPPY

est active dans le secteur des services financiers de l'économie nord-coréenne

Sanctions and listings18

  • Effective
    12 Jul 2018

    Official designation

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

    Last updated 12 Mar 2018gov.il

  • 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 DPR0165Reference 13425Reference KPe.033Last updated 14 Jan 2022gov.ukgov.uk

  • 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 33mof.go.jp

  • Listed
    30 Nov 2016

    Official designation

    Financial Intelligence CentreSouth Africa Targeted Financial SanctionsSouth Africa

    Reference KPe.033fic.gov.za

  • Official designation

    Ministry of Economy, Trade and IndustryJapan METI End User ListJapan

    Weapon Types: Biological, Chemical, Missile, Nuclear

    meti.go.jpmeti.go.jp

  • 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

    est active dans le secteur des services financiers de l'économie nord-coréenne

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

  • Listed
    16 Mar 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 19509treasury.govofac.treasury.gov

  • 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

    est active dans le secteur des services financiers de l'économie nord-coréenne

    geldefonds.gouv.mc

  • Listed
    30 Nov 2016

    North Korea Sanctions - DPRK

    United Nations Security CouncilUN Security Council Consolidated Sanctions

    Programme UN-SC1718Reference KPe.033un.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 35544Reference KPe.033seco.admin.chseco.admin.ch

  • 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
    3 Jan 2017

    Резолюція РБ ООН 1718 (2006)

    State Finance Monitoring ServiceUkraine SFMS BlacklistUkraine

    fiu.gov.ua

  • Listed
    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

    2017/1509 (OJ L224)

    Programme EU-PRKfinance.belgium.besanctionsmap.eu

  • Listed
    30 Nov 2016

    DPRK

    Ministerio de JusticiaArgentina RePET SanctionsArgentina

    Referencia publicada: KPe.033

    Reference KPe.033repet.jus.gob.ar

  • 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.4103.55eur-lex.europa.eusanctionsmap.eu

  • 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

  • Listed
    17 Mar 2016
    Effective
    16 Mar 2016

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • 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

Connections27

Members and officers8

  • Chol Song JoCounter-sanctioned entitySanctionedDebarredExport controlled
    Representative
    Born 25 Sep 1984ChinaNorth Korea
  • RI U'N SO'NGCounter-sanctioned entitySanctionedExport controlled
    Former overseas representative in Russia
    Born 22 Jul 1969RussiaNorth Korea
  • Kim Su Gyong
    Director of the International Relations
    Born 16 Jan 1973North Korea
  • Hyok Chol KimSanctionedDebarredExport controlled
    Deputy Representative based in Zhuhai, China
    Born 9 Jul 1978ChinaNorth Korea
  • Mun Chol KIMCounter-sanctioned entitySanctionedDebarredExport controlled
    Representative based in Dandong, China
    Born 25 Mar 1957ChinaNorth Korea
  • Chol KimSanctionedDebarredExport controlled
    Representative
    Born 27 Sep 1964ChinaNorth Korea

Other links19

  • PersonMun Chol KIMCounter-sanctioned entitySanctionedDebarredExport controlled
    Linked from
    "Providing support to"Born 25 Mar 1957ChinaNorth Korea
  • OrganizationDresdner Bank AGBank
    Linked from
    "Commerzbank AG is a former bank account provider for Korea United Development Bank"Germany
  • OrganizationBanca Commerciale Lugano
    Linked from
    "Banca Commerciale Lugano is a former bank account provider for Korea United Development Bank"Switzerland
  • OrganizationDevelopment Bank of Kazakhstan
    Linked from
    "Development Bank of Kazakhstan is a former bank account provider for Korea United Development Bank"Kazakhstan
  • OrganizationVTB BankSanctionedDebarredExport controlledTrade riskBank
    Linked from
    "VTB Bank (Open Joint-Stock Company) is a former bank account provider for Korea United Development Bank"IndiaRussiaUkraine
  • OrganizationMalayan Banking Berhad
    Linked from
    "Malayan Banking Berhad is a former bank account provider for Korea United Development Bank"Malaysia

Identifiers1

IdentifierNumber
SWIFT / BICKUDBKPPY

Other names14

Also known as14

KUDBUDBMyohyangsan Bank조선통일발전은행T’ongil Palchon Bank, Korea Tongil Paljon Bank, Korea Reunification Development BankUnification Development Bank통일발전은행(朝鲜)统一发展银行Myonghyangsan BankKorea Unification Development BankKOREA UNITED DEVELOPMENT BANKKORE BİRLEŞİK KALKINMA BANKASI (KOREA UNITED DEVELOPMENT BANK)コリア・ユナイテッド・デベロップメント・バンクمصرف كوريا المتحد للتنمية

Addresses11

  • Pyongyang, North Korea

  • Pyongyang, RPDC

  • 北朝鮮平壌特別市

  • Pyongyang, DPR Korea

  • Pyongyang Democratic Peoples Republic of Korea

  • Pyongyang Korea, North

  • Pyongyang Democratic People's Republic of Korea

  • Pyongyang

  • Pyongyang, KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF

  • Pyongyang, Democratic People's Republic of Korea

  • KUDB Building, Pyongyang, North Korea

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