Korea Kwangson Banking Corporation
in North Korea 🇰🇵
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About Korea Kwangson Banking Corporation in North Korea
Korea Kwangson Banking Corporation (KKBC) is a state-owned financial institution based in North Korea that has been designated as a sanctioned entity by multiple international bodies. The bank is also known by several alternate names including Border Trade Settlement Bank, DPRK Border Trade Settlement Bank, and Korea Kwangson Finance Company.
KKBC operates under the direct control of North Korea's regime and is associated with the Foreign Trade Bank, the country's primary foreign exchange bank. The institution has been identified as a special financial organization known internally as "Bureau 711" and is reportedly responsible for managing slush funds for North Korea's leadership.