Chol Ung NAM

Korea, North

1969-02-23

Male

Dalian, China

108320231, Passport

Military

Nam Chol Ung is an intelligence officer and representative of U.S.-designated DPRK Reconnaissance General Bureau (RGB) who has been engaged in multiple overseas revenue generation schemes on behalf of the DPRK government since at least 2013. Nam Chol Ung has built a sprawling network consisting of multiple companies and restaurants in Laos and Thailand, including a resort, and he uses his businesses to launder foreign currency earnings for the regime. This includes import-export companies that are involved in smuggling DPRK-made tobacco products to Southeast Asian countries. Nam Chol Unghas also forged trade contracts for importing goods into the DPRK, including for OFAC-designated Korea Sobaeksu United Corporation. Nam Chol Ung is being designated pursuant to E.O. 13551 for having acted or purported to act for or on behalf of, directly or indirectly, the RGB, a person whose property and interests in property are blocked pursuant to E.O. 13551.

US

https://home.treasury.gov/news/press-releases/sb0264

2025-09-25

US

North Korea Sanctions Regulations, 31 C.F.R. part 510; Executive Order 13551 Blocking Property of Certain Persons With Respect to North Korea

OFAC country specific / UN

Democratic People's Republic of Korea

Blocking Property, Suspending Entry, Trade sanctions

• https://ofac.treasury.gov/faqs/topic/1556 460. Can U.S. persons do business with entities in North Korea? No. Unless authorized pursuant to a general or specific license from OFAC and/or BIS, Executive Order (E.O.) 13722 prohibits new investment in North Korea by a U.S. person and the exportation or reexportation, from the United States, or by a U.S. person, of any goods, services, or technology to North Korea. E.O. 13810 (“Imposing Additional Sanctions with Respect to North Korea”) does not modify any of those prohibitions.

On November 4, 2010, OFAC issued the North Korea Sanctions Regulations, 31 C.F.R. part 510 (the NKSR), to implement E.O. 13466 and E.O. 13551. On June 20, 2011, OFAC amended the NKSR to implement E.O. 13570. Also on June 20, 2011, pursuant to Proclamation 8271, OFAC removed parts 500 (the Foreign Assets Control Regulations) and 505 (the Transaction Control Regulations) from 31 C.F.R. chapter V. The NKSR replace the Foreign Assets Control Regulations, to the extent they pertained to North Korea. On August 30, 2010, the President issued E.O. 13551 pursuant to, inter alia, IEEPA, the NEA, and the United Nations Participation Act (22 U.S.C. § 287c) (the UNPA), expanding the scope of the national emergency declared in E.O. 13466 and providing for the blocking of property and interests in property of certain persons with respect to North Korea.

SDN