August 16, 2022

Singapore company linked to N. Korea luxury goods trade: investigation

NK Pro report links OCN (S) Pte Ltd with secret high-end stores in Pyongyang

Update at 1134 KST, 07/18: This article was amended to include a response from Montblanc's French parent company, Compagnie Financiere Richemont, which originally only appeared in the Pro version. It was further updated to emphasize that OCN declined to answer questions by email or phone surrounding the case.

A Singapore-based company named OCN (S) Pte Ltd has reported links to North Korea's Office 39 and is said to be involved in the import of sanctioned luxury goods to the country, an investigation by NK News’s partner site NK Pro showed on Monday.