Taesong Bank
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Korea Taesong Bank (Korean: 조선 대성 은행;[2] sometimes called Daesong Bank, Dae-Sung Bank[3] or Taesong General Trading Corporation;[4] in Japan called Chosun Tae Seong-Unhan; Tae-bank, Choson Taesong Unhaeng[5]) is a North Korean financial institution.[6]
Native name | 조선대성은행 |
|---|---|
| Industry | Bank |
| Headquarters | Segori-dong, Gyongheung St., Potonggang District[1], Pyongyang , North Korea |
| Korean name | |
| Chosŏn'gŭl | 대성은행 |
| Hancha | 大成銀行 |
| Revised Romanization | Daeseong eunhaeng |
| McCune–Reischauer | Taesŏng ŭnhaeng |
The Korea Taesong Bank is reportedly controlled by Room 39.[7][3]
The Golden Star Bank, founded as a corporation in Vienna, Austria, was the only North Korean bank in Europe but was closed in 2004, was a subsidiary of the Taesong Bank.[7] Kwon Yong-nok was an auditor of the Golden Star Bank.[8]
"Taesong Bank, which received remittances from Mt. Kumgang tourism, is controlled by Room 39, and is also in charge of the exports of agricultural and fisheries products."[9]
Projects
- In 1989, it was to jointly develop the area around Mount Kumgang,[10] on the eastern coast of North Korea, as a tourist site with Hyundai.[11]
- The company has been implicated in the smuggling of arms into and out of North Korea[12] and "Involved in facilitating proliferation financing projects."[13]
Members
- In 1989, Choe Su-gil, president of the Taesong Bank of North Korea[11] and consultant to the Korean Association for the Promotion of Asian Trade.[10]
- In 2014, Kim Yo-jong took control of Taesong Bank, the Reunification and Development Bank, and a number of tourism and railway projects[citation needed]
- In 2014, Yun Tae-hyong, a regional manager in the Russian Far East for the Taesong Bank, defected to Russia.[4]
