Sung Hyok JONG

Korea, North

1971-08-19

Male

Vladivostok, Russia

754420338, 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. Ho Yong Chol, Han Hong Gil (Han), Jong Sung Hyok (Jong), Choe Chun Pom (Choe) and Ri Jin Hyok (Ri) are China or Russia-based North Korean representatives of DPRK financial institutions. Jong is the chief representative of the U.S.-designated DPRK Foreign Trade Bank (FTB) in Vladivostok, Russia. Jong and Ri pursuant to E.O. 13722 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, FTB, a person whose property and interests in property are blocked pursuant to E.O. 13722.

US

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

2025-11-04

US

Executive Order 13722 of March 15, 2016 Blocking Property of the Government of North Korea and the Workers’ Party of Korea, and Prohibiting Certain Transactions 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 March 15, 2016, the President issued E.O. 13722 pursuant to, inter alia, IEEPA, the NEA, the UNPA, and the North Korea Sanctions and Policy Enhancement Act of 2016 (22 U.S.C. § 9201 et seq.) (the NKSPEA), to take additional steps to address the national emergency declared in E.O. 13466 and expanded in E.O. 13551, in light of further North Korean nuclear and ballistic missile tests. E.O. 13722 was issued to ensure implementation of certain provisions of UNSCR 2270 of March 2, 2016 and the NKSPEA; it strengthened export and other trade restrictions against North Korea; and imposed a comprehensive blocking of the Government of North Korea and the Workers’ Party of Korea.

SDN