November 30, 2022

European Commission designates N.Korean insurance company, individuals

Designated company linked to infamous Bureau 39 in Pyongyang

The European Commission has designated North Korean representatives and the German branch of the DPRK's national insurance company on Thursday for their possible contributions to North Korea's illicit weapons programs.

The six individuals and one company now fall under the purview of Council Regulation (EC) No. 329/2007, which bars exports to North Korea which could be used to fund the nation’s WMD or missile programs, as well as freezing the funds of persons or organizations contributing to said programs.