Korea National Insurance Corporation
 | |
Native name | 조선민족보험총회사 |
|---|---|
| Company type | Insurance company |
| Founded | July 10, 1947 |
| Website | knic.com.kp |
The Korea National Insurance Corporation (Korean: 조선민족보험총회사) is an insurance company owned by the North Korean government. It has about 210 branches throughout the country.[1][2]
History
The company was founded on 10th of July 1947.[3] On 25th of July 2007 the company held its 60th anniversary report meeting.[4]
Controversies
It has been claimed that the company is a front to funnel money to the North Korean nuclear weapons program.[5][6][7][8][9]
References
- ^ 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.
- ^ "Korea National Insurance Corporation - About us". Korea National Insurance Corporation. 2019. Retrieved 11 May 2020.
- ^ "조선국제보험회사 (朝鮮國際保險會社)". Encyclopedia of Korean Culture. Retrieved 2025-06-24.
- ^ "창립 60주년 맞은 北 조선민족보험총회사". fins.co.kr.
- ^ Robert Booth. "UK freezes assets of North Korean company based in south London | UK news". The Guardian. Retrieved 2017-04-26.
- ^ 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.
- ^ "UK freezes assets of North Korean insurer in London | Insurance Business". Insurancebusinessmag.com. Retrieved 2017-04-26.
- ^ Ben Webster; Richard Lloyd Parry. "Suburban house linked to Kim nuclear strategy | News | The Times & The Sunday Times". The Times. Retrieved 2017-04-26.
- ^ Samuel Osborne (2017-04-15). "North Korea suspected of using London home to fund nuclear weapons programme". The Independent. Retrieved 2017-04-26.