Last Updated: January 19, 2026
Pan Systems Pyongyang
Aliases
Glocom; Glocom International Golden Services; International Global System; International Golden Services; Wonbang Trading Company
Address
Room 818, Pothonggang Hotel, Ansan-Dong, Pyongchon district, Pyongyang, North Korea
Official reason
Pan Systems has assisted in the evasion of sanctions imposed by the United Nations Security Council through the attempted sale of arms and related materiel to Eritrea. Pan Systems is also controlled by and works on behalf of the Reconnaissance General Bureau, which has been designated by the United Nations.
Other Information
Pan Systems is also controlled by and works on behalf of the Reconnaissance General Bureau which has been designated by the United Nations. The Director Disqualification Sanction was imposed on 09/04/2025.
Date of listing
2020-12-31
Program information
Authority
UK
Program
The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019
Regime
UN, UK country specific
Target State
Democratic People's Republic of Korea
Measures
Asset freeze and making available provisions, Trade sanctions, Travel bans, Transport sanctions
Sanctions Portfolio
• The Regulations impose financial sanctions through a targeted asset freeze on designated persons and prohibitions on making funds or economic resources available. This involves the freezing of funds and economic resources (non-monetary assets, such as property or vehicles) of designated persons and ensuring that funds and economic resources are n...
Official Information
The Democratic People’s Republic of Korea (Sanctions) (EU Exit) Regulations 2019 came fully into force on 31 December 2020. They are intended to ensure that certain sanctions measures relating to the Democratic People’s Republic of Korea continue to operate effectively. You should also review the Sanctions (EU Exit)(Miscellaneous Amendments) Regul...
Additional Details
Licencing, exception and direction provisions are contained in Part 9 of the Regulations.
Program URL