Congo, Democratic Republic of the

1041 avenue Ulindi, Quartier Golf, Lubumbashi, Katanga, Congo, Democratic Republic of the

CD/LSH/RCCM/18-B-00029, Commercial Registry Number

OFAC is also designating Hwang Kil Su (Hwang) and Pak Hwa Song (Pak) pursuant to E.O. 13810 for being North Korean persons, including North Korean persons that have engaged in commercial activity that generates revenue for the Government of North Korea or the Workers’ Party of Korea. Pak and Hwang established Congo Aconde SARL in the Democratic Republic of the Congo (DRC) to earn revenue from construction and statue-building projects with local governments. Under Pak and Hwang’s leadership, Congo Aconde SARL also opened U.S. dollar-denominated accounts at the DRC branch of a Cameroonian bank. Congo Aconde SARL is designated for being owned or controlled by, or for having acted or purported to act for or on behalf of, directly or indirectly, Pak, a person whose property and interests in property are concurrently being blocked pursuant to E.O. 13810. According to a 2021 UN Panel of Experts report, Congo Aconde SARL was involved in projects to build several statues in the DRC from 2018 to at least late 2019; these projects involved Hwang and Pak. The Panel also considers Congo Aconde SARL to be a front company for Paekho.

https://home.treasury.gov/news/press-releases/jy1313

2023-03-01

US

Executive Order 13810 of September 20, 2017 Imposing Additional Sanctions 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.

The United States imposed a near total economic embargo on the DPRK in 1950 after the DPRK attacked the South, sparking the Korean war. Over the following years, some U.S. sanctions were eased, but others were imposed. Executive Order 13810 was issued on September 21, 2017, in the wake of the DPRK’s September 2017 nuclear test and multiple intercontinental ballistic missile (ICBM) tests. Combined with previous executive orders, statutory sanctions provisions, and other restrictions on the DPRK, these constitute some of the most restrictive sanctions related to the DPRK to date.

SDN