Korea United Development Bank
in North Korea 🇰🇵
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About Korea United Development Bank in North Korea
Korea United Development Bank (KUDB) is a state-owned financial institution operating in the Democratic People's Republic of Korea. The bank provides financial services within North Korea's centrally planned banking system and is considered part of the country's state-controlled financial infrastructure.
KUDB has been designated by international sanctions bodies for its role in North Korea's financial sector and alleged connections to weapons proliferation activities. The bank operates under various alternative names including Myohyangsan Bank and Korea Unification Development Bank.