Korea National Insurance Corporation Explained

Korea National Insurance Corporation
Native Name:	조선민족보험총회사
Type:	Insurance company
Founded:	Founded in 1947 in Pyongyang, Democratic People's Republic of Korea

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]}

Controversies

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

Notes and References

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