Korea National Insurance Corporation
Native name
조선민족보험총회사
joseonminjockbohumchonghoesa
TypeInsurance company
FoundedFounded in 1947 in Pyongyang, Democratic People's Republic of Korea
Websitehttp://www.knic.com.kp/?en

The Korea National Insurance Corporation is an insurance company owned by the North Korean government, founded in 1947. It has about 210 branches throughout the country.[1][2]

While mainly carrying on as an insurance Company, The Korean National Insurance Corporation has also conducted other business activities, such as automotive repair, information technology service, and financial involvements.

Korean National Insurance Corporation's Executive Committee of Management

The Korean National Insurance Corporation's executive committee of Management is the Top Managing Body of the Korean National Insurance Corporation. Its job is to decide on Important Manners relating to the operation of the Korean National Insurance Corporation, Including a Business Strategy as well as Operational Philosophy and supervises their Implementation. The executive committee of Management is responsible for the general operation of the Korean National Insurance Corporation and composes of people working with the company for many years.

Controversies

It has been claimed it is a front to funnel money to the North Korean nuclear weapons program.[3][4][5][6][7]

References

  1. ↑ Weiser, Martin (8 May 2020). "After the 2016 Party Congress: Lower Taxes, New Laws, More Human Rights Protection". 38 North. The Henry L. Stimson Center. Retrieved 10 May 2020.
  2. ↑ "Korea National Insurance Corporation - About us". Korea National Insurance Corporation. 2019. Retrieved 11 May 2020.
  3. ↑ Robert Booth. "UK freezes assets of North Korean company based in south London | UK news". The Guardian. Retrieved 2017-04-26.
  4. ↑ Fiona Simpson (23 April 2017). "North Korea suspected of using house in leafy south-east London to fund nuclear weapons programme | London Evening Standard". Standard.co.uk. Retrieved 2017-04-26.
  5. ↑ "UK freezes assets of North Korean insurer in London | Insurance Business". Insurancebusinessmag.com. Retrieved 2017-04-26.
  6. ↑ Ben Webster; Richard Lloyd Parry. "Suburban house linked to Kim nuclear strategy | News | The Times & The Sunday Times". Thetimes.co.uk. Retrieved 2017-04-26.
  7. ↑ Samuel Osborne (2017-04-15). "North Korea suspected of using London home to fund nuclear weapons programme". The Independent. Retrieved 2017-04-26.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.