Chinese firm boasts of business and connections with North Korean entities



News 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 Ethan Jewell September 10, 2021 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Zhimin Pan, Flickr Creative Commons \| A stack of old-style North Korean banknotes 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 Read More © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01North Korea’s politburo meeting hints at secret changes to senior officials 02The bureaucracy test: Signs to look for before a Trump-Kim summit 03China has reasons to like Trump’s North Korea outreach — and reasons to worry 04North Korea’s old alliance with Tanzania quietly finds new life 05North Korea has named its price for reopening UK’s embassy in Pyongyang 06Why Trump’s new counter-cybercrime model curiously leaves out North Korea 07The Kremlin veteran tasked with keeping Russia-North Korea’s alliance on track 08North Korea’s imports of sanctioned goods rise as China trade slows

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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

Ethan Jewell September 10, 2021

Chinese firm boasts of business and connections with North Korean entities

Zhimin Pan, Flickr Creative Commons | A stack of old-style North Korean banknotes

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

LATEST ANALYSIS

01North Korea’s politburo meeting hints at secret changes to senior officials
02The bureaucracy test: Signs to look for before a Trump-Kim summit
03China has reasons to like Trump’s North Korea outreach — and reasons to worry
04North Korea’s old alliance with Tanzania quietly finds new life
05North Korea has named its price for reopening UK’s embassy in Pyongyang
06Why Trump’s new counter-cybercrime model curiously leaves out North Korea
07The Kremlin veteran tasked with keeping Russia-North Korea’s alliance on track
08North Korea’s imports of sanctioned goods rise as China trade slows

Chinese firm boasts of business and connections with North Korean entities

LATEST ANALYSIS

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Ethan Jewell