North Korea advertises new "joint" bank at Pyongyang Trade Fair



Evergreen North Korea advertises new “joint” bank at Pyongyang Trade Fair Financial institution could be in breach of UN sanctions, shares addresses with known illicit entities Hamish Macdonald October 4, 2017 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Pyongyang Haze by m•o•m•o on 2012-03-10 02:03:21 A newly advertised “joint” North Korean bank which shares addresses with sanctioned entities is publicly showcasing its financial services and welcoming deposits in U.S. dollars, images exclusively obtained by NK Pro reveal. An advertisement for the “Ryondok Joint Bank” which featured outside the 13th Pyongyang Autumn International Trade Fair in September reveals varied exchange rates offered by the group. “Considering clients’ requests, we will guarantee the interest rate of the year you deposit, even if you want to get your deposit back before it matures,” the advertisement says. “Ryondok Joint Bank will 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 reveals new vertical take-off drones amid ‘modern warfare’ push 02How long-range strikes on Russia could impact North Korean troop deployments 03How North Korean hackers and IT workers collude to cause chaos 04What pro-Trump think tanks reveal about his likely North Korea policy priorities 05Yoon bet on US to deter North Korea. Now he faces an alliance skeptic in Trump. 06All the question marks hanging over Trump’s approach to North Korea in term two 07Time almost up for North Korea’s plan to launch 3 military satellites in 2024 08Trump return rekindles prospects of North Korea talks, but Russia stands in way 09How China could benefit from North Korea’s troop deployment to Ukraine 10New North Korean ICBM delivers big political message, and likely bigger payloads

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North Korea advertises new “joint” bank at Pyongyang Trade Fair

Financial institution could be in breach of UN sanctions, shares addresses with known illicit entities

Hamish Macdonald October 4, 2017

North Korea advertises new “joint” bank at Pyongyang Trade Fair

Pyongyang Haze by m•o•m•o on 2012-03-10 02:03:21

A newly advertised “joint” North Korean bank which shares addresses with sanctioned entities is publicly showcasing its financial services and welcoming deposits in U.S. dollars, images exclusively obtained by NK Pro reveal.

An advertisement for the “Ryondok Joint Bank” which featured outside the 13th Pyongyang Autumn International Trade Fair in September reveals varied exchange rates offered by the group.

“Considering clients’ requests, we will guarantee the interest rate of the year you deposit, even if you want to get your deposit back before it matures,” the advertisement says.

“Ryondok Joint Bank will

01North Korea reveals new vertical take-off drones amid ‘modern warfare’ push
02How long-range strikes on Russia could impact North Korean troop deployments
03How North Korean hackers and IT workers collude to cause chaos
04What pro-Trump think tanks reveal about his likely North Korea policy priorities
05Yoon bet on US to deter North Korea. Now he faces an alliance skeptic in Trump.
06All the question marks hanging over Trump’s approach to North Korea in term two
07Time almost up for North Korea’s plan to launch 3 military satellites in 2024
08Trump return rekindles prospects of North Korea talks, but Russia stands in way
09How China could benefit from North Korea’s troop deployment to Ukraine
10New North Korean ICBM delivers big political message, and likely bigger payloads

North Korea advertises new “joint” bank at Pyongyang Trade Fair

LATEST ANALYSIS

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Hamish Macdonald