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 01Suspected North Korean drone base and factory face construction slowdown 02Lessons from chaos: What Kim Jong Un sees in an era of global turmoil 03In 2024, Kim Jong Un swaggered on the global stage like never before 04Military dominates Kim Jong Un’s attention in his busiest year in nearly decade 05How Trump’s return could transform North Korea’s quiet ties with Thailand 06How Assad’s downfall could expose secrets of North Korea-Syria military ties 07All the companies that participated in the Pyongyang Autumn Trade Fair 2024 08No Chinese firms joined North Korea’s latest trade fair dominated by Russia 09What defectors’ exam scores reveal about the quality of North Korean health care 10North Korean Il-76 cargo planes make rare flights to northeast coast

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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

01Suspected North Korean drone base and factory face construction slowdown
02Lessons from chaos: What Kim Jong Un sees in an era of global turmoil
03In 2024, Kim Jong Un swaggered on the global stage like never before
04Military dominates Kim Jong Un’s attention in his busiest year in nearly decade
05How Trump’s return could transform North Korea’s quiet ties with Thailand
06How Assad’s downfall could expose secrets of North Korea-Syria military ties
07All the companies that participated in the Pyongyang Autumn Trade Fair 2024
08No Chinese firms joined North Korea’s latest trade fair dominated by Russia
09What defectors’ exam scores reveal about the quality of North Korean health care
10North Korean Il-76 cargo planes make rare flights to northeast coast

Chinese firm boasts of business and connections with North Korean entities

LATEST ANALYSIS

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Ethan Jewell