Special Bank
|
Kumgang Bank
|
8/1978
|
Workers¡¯
Party
|
Kye Chang-ho
|
·
Settlement of payment concerning foreign
transactions performed by Bonghwa Trade Co.
|
¡¡
|
Daesung Bank
|
11/1978
|
Workers¡¯
Party
|
Lee Hong
|
·
Settlement of payment concerning foreign
transactions performed by General Bureau of Daesung.
|
¡¡
|
Gold Star Bank
|
7/1982
|
Workers¡¯
Party
|
Kim Yoon-shik
|
·
North Korea¡¯s only bank located overseas
·
Provision of financial support to business
operating in Europe
·
A subsidiary of Daesung Bank
|
Located in
Austria
|
Changkwang
Credit Bank
|
8/1986
|
Workers¡¯
Party
|
Maeng Bong-shik
|
·
Settlement of payment concerning foreign
transactions performed by Yongaksan Trading Co.
·
Fund management for the Second Economic
Committee
|
¡¡
|
Koryo Bank
|
7/1994
|
Department of
Defense
|
Kim Yong-goo
|
·
Financing, trade and joint venture with foreign
countries
·
It used to belong to Trade Bank.
|
¡¡
|
Kumsung Bank
|
Mid-1994
|
¡¡
|
Kim Tae-sung
|
·
Fund management for Department of Defense
|
¡¡
|
Golden Triangle
Bank
|
3/1996
|
Department of
Post
|
Kim Jong-geun
|
·
Matters regarding investment in the
Rajin-Seonbong region
·
It used to be the Rajin branch office of the
Trade Bank
|
¡¡
|
International
Postal Bank
|
6/1997
|
Workers¡¯
Party
|
¡¡
|
·
Communications service for international
banking business, matters regarding import/export,
investment and foreign exchange transaction
|
¡¡
|
Unification
& Development Bank
|
11/1991
|
Government
|
Kim Se-ho
|
·
Settlement of payment concerning foreign
countries
·
Fund management for the Workers¡¯ Party
|
¡¡
|
Koryo
Commercial Bank
|
11/1988
|
Government
|
Oh Sung-il
|
·
Attraction of foreign investment, payment
settlement concerning foreign countries
|
A joint venture
with a Korean-American
|
Choson Joint
Venture Bank
|
4/1989
|
¡¡
|
¡¡
|
·
Settlement of payment for foreign transactions
·
Remittance in foreign currencies
·
Loans to, investment in, joint ventures
|
A joint venture
with a Korean-Japanese
|
ING North East
Bank
|
12/1995
|
¡¡
|
¡¡
|
·
Matters regarding investment in the
Rajin-Seonbong region
|
Withdrawn
|
Peregrine-Daesung
Bank
|
2/1996
|
¡¡
|
¡¡
|
·
Matters regarding investment in the
Rajin-Seonbong region
|
Withdrawn
|
Hwaryo Bank
|
11/1997
|
¡¡
|
Koh Gwi-ja
|
·
Settle of payment concerning trade with China
in North Korean currency or foreign currencies
·
Handling of remittance from South Korea
|
A joint venture
with China
|
Non-bank
Financial Institutions
|
Choson
International Insurance Co.
|
2/1957
|
¡¡
|
Jeon Myung-hwi
|
·
International insurance
·
Non-life insurance for cargo, vessels,
airplanes and fire
·
Re-insurance business with foreign insurance
companies
|
A joint venture
with a Korean-Japanese
|
¡¡
|
Cheil Trust
Financial Co.
|
12/1992
|
Depart of
Defense
|
Lee Dae-rim
|
·
Transactions in foreign currencies. Settlement
of payment concerning foreign transactions
·
Foreign exchange management for subsidiary
organization of Department of Defense
·
Transaction of precious metal and stones for
Department of Defense
|
¡¡
|