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Chinese firm boasts of business and connections with North Korean entities
Firm allegedly helped DPRK acquire point of sale devices that experts say could strengthen state control over economy
Yongxiang International Trading Co. Ltd., a Chinese firm with ties to the Central Bank of North Korea, recently signed multiple procurement contracts with a North Korean research center for systems used to process financial transactions, a draft of a forthcoming U.N. Panel of Experts (PoE) report seen by NK Pro shows.
Screen captures contained in the upcoming U.N. report show a Jan. 2021 announcement from Yongxiang International detailing the transfer of point of sale (PoS) devices to the Korea Computer Center (KCC). The company’s website is still accessible as of Friday, but the post regarding
