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Organization

Last Updated: April 19, 2026

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  3. Organization

Last Updated: April 19, 2026

Organization

NAMCHONGANG TRADING CORPORATION

Aliases

Korea Daeryonggang Trading Corporation

Korea Tearyonggang Trading Corporation

NAM CHON GANG CORPORATION

NAM CHONG GAN TRADING CORPORATION

NAMCHONGANG TRADING

Namhung Trading Corporation

NCG

NOMCHONGANG TRADING CO.

Address

Chilgol,, Pyongyang,, Democratic People's Republic of Korea; Sengujadong 11-2/(or Kwangbok-dong), Mangyongdae District, Pyongyang, North Korea

Linked entities

General Bureau of Atomic Energy (GBAE)

Other Information

Namchongang is a DPRK trading company subordinate to the General Bureau of Atomic Energy (GBAE). Namchongang has been involved in the procurement of Japanese origin vacuum pumps that were identified at a DPRK nuclear facility, as well as nuclear-related procurement associated with a German individual. It has further been involved in the purchase of aluminum tubes and other equipment specifically suitable for a uranium enrichment program from the late 1990s. Its representative is a former diplomat who served as DPRK’s representative for the IAEA inspection of the Yongbyon nuclear facilities in 2007. Namchongang's proliferation activities are of grave concern given the DPRK’s past proliferation activities. Telephone numbers: +850-2-18111, 18222 (ext. 8573). Facsimile number: +850-2-381-4687.

Date of listing

2009-07-16

Program information
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 not made available to or for the benefit of designated persons, either directly or indirectly. • The effect of the Regulations is to impose a travel ban on persons who are designated by the Secretary of State for the purposes of being made subject to immigration sanctions under the Sanctions Act. • Trade sanctions. • Transport sanctions.

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) Regulations 2019, the Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2020 and the Sanctions (EU Exit) (Miscellaneous Amendments) (No. 3) Regulations 2020 to find out any amendments made to the Regulations. This sanctions regime gives effect to the UK’s obligations under United Nations Security Council Resolutions 1718 (2006), 1874 (2009), 2087 (2013), 2094 (2013), 2270 (2016), 2321 (2016), 2356 (2017), 2371 (2017), 2375 (2017), and 2397 (2017). It aims to restrict the ability of the DPRK to carry on banned programmes, promoting the abandonment by the DPRK of banned programmes and the decommissioning of the DPRK’s banned weapons. It also aims to promote peace, security and stability on the Korean peninsula. These regulations have replaced, with substantially the same effect, relevant existing EU legislation and related UK regulations.

Additional Details

Licencing, exception and direction provisions are contained in Part 9 of the Regulations.

Program URL
  • https://www.legislation.gov.uk/uksi/2019/411

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