Korea National Insurance Corporation
in North Korea 🇰🇵
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About Korea National Insurance Corporation in North Korea
Korea National Insurance Corporation (KNIC) is a state-owned insurance company and financial institution operating in the Democratic People's Republic of Korea. As the country's primary insurance provider, KNIC handles both life and non-life insurance operations throughout North Korea. The corporation functions as a government entity generating foreign exchange revenue and operating under the control of the North Korean state.
KNIC has been the subject of international scrutiny and sanctions due to allegations of connections to North Korea's weapons programs and illicit financial activities.