Korea Pugang Corporation Explained

Rr:Joseon Bugang Hoesa
Mr:Chosŏn Pugang Hoesa

Korea Pugang Corporation (Korean: 조선부강회사) is a North Korean holding company founded in 1979.

Subsidiaries

The companies produce metal, machinery, minerals, chemicals, electric lines, construction material, electricity, and food products.[1] KPC controls 9 subsidiary companies:

Pugang pharmaceutical company

Pugang Pharmaceutic Company (Korean: 부강제약회사,富强製藥會社) is a pharmaceutical company founded in 1983.[2] It is operated by North Korea's Ministry of Public Health.[3] Although the company had its assets frozen as a result of U.S. sanctions,[4] its products are sold internationally by Lekar Korea, a distributor based in Russia.[5] [6]

Products sold by the company are mostly traditional Korean medicine ("Koryo medicine" in North Korea) supplements combined with high-technology products.[2] These products include Royal Blood-Fresh, and Kumdang-2. Many health claims made by the company have been dismissed as non-scientific outside of North Korea.[7] [8]

Pugang motorcycle company

The company produced the 124cc motorcycle "PugangCM125" in 2005.[9]

Korea Pugang Coins Corp

The Korea Pugang Coins Corp has been minting coins since 1987.[10]

External links

Notes and References

  1. Web site: 조선부강회사 .
  2. News: Tsai . Ting-I . North Korea's prescription for prosperity . 10 May 2021 . . 21 February 2007.
  3. News: Jin . Kang Mi . North Korean trading companies burdened with excessive loyalty demands . 10 May 2021 . . 7 February 2017.
  4. News: Fifield . Anna . North Korea claims it can cure MERS (and a whole bunch of other things) . 10 May 2021 . . 19 June 2015.
  5. News: North Korean Miracle Drugs Sold Online By Russian Distributor: Sanctions Schmanctions . 10 May 2021 . Skeptic Review . 8 June 2018.
  6. News: Thực hư thông tin thuốc chứa vàng chữa ung thư của Triều Tiên. It is true that the Korean medicine contains gold for cancer treatment . 11 May 2021 . . 21 December 2017 . vi.
  7. News: Talmadge . Eric . Ostrich skin and Neo-Viagra? A shopping guide to North Korea . 10 May 2021 . . 27 August 2018 . en.
  8. News: Ji . Dagyum . Three Russians arrested in South Korea for selling North Korean drugs . 10 May 2021 . . 30 March 2017.
  9. Web site: 北, 부강회사서 125cc 오토바이 출시. nkchosun.
  10. Web site: Jim Rogers goes long on DPRK coins. nkeconwatch.