Last Updated: May 21, 2024

Korean National Insurance Corporation (KNIC)

Aliases

Korea National Insurance Corporation; Korea Foreign Insurance Company

Address

Central District, Pyongyang, Korea, Democratic People's Republic of

Linked to

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32017R1509&from=EN

Other Information

The Korean National Insurance Company is a DPRK financial and insurance company and is affiliated with Office 39.

Date of listing

2017-08-31

Program information

Authority

EU

Program

Restrictive measures in relation to the non-proliferation of the weapons of mass destruction

Regime

UN, EU country specific

Target State

Democratic People's Republic of Korea

Measures

Asset freeze and prohibition to make funds available, Restrictions on admission

Sanctions Portfolio

- All assets of the listed persons and entities should be frozen. It is also prohibited to make any funds or assets directly or indirectly available to them. - Member States shall enforce travel restrictions on persons listed in Annex I, II and III of Council Decision (CFSP) 2016/849. Member States shall also expel: (1) DPRK nationals who they dete...

Official Information

The ongoing nuclear and ballistic missile-related activities of the DPRK represent a serious threat to international peace and security. These activities undermine the global non-proliferation and disarmament regime of which the EU has been a steadfast supporter for decades. In this context, the EU has implemented the restrictive measures imposed b...

Program URL

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02016D0849-20230404