Kuk Chol JANG

Korea, North

1987-07-03

Male

Vladivostok, Russia

754420443, Passport

Business

Jang Kuk Chol (Jang) and Ho Jong Son are North Korean bankers who have helped manage funds, including $5.3 million in cryptocurrency, on behalf of OFAC-designated First Credit Bank. A portion of these funds can be linked to a DPRK ransomware actor that has previously targeted U.S. victims and handled revenue from DPRK IT workers. Today, OFAC designated Jang and Ho Jong Son pursuant to E.O. 13694, as amended by E.O. 13757, E.O. 14144, and E.O. 14306 (“E.O. 13694, as further amended”), for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, a cyber-enabled activity identified in section l(a)(ii)(D) of E.O. 13694, as further amended. OFAC also designated Jang and Ho Jong Son 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.

US

https://home.treasury.gov/news/press-releases/sb0302

2025-11-04

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