Tanchon Commercial Bank
in North Korea 🇰🇵
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About Tanchon Commercial Bank in North Korea
Tanchon Commercial Bank is a state-owned financial institution in the Democratic People's Republic of Korea (North Korea). The bank operates under the jurisdiction of North Korea's Ministry of Industry and the Second Economic Committee. It is recognized internationally as the main financial entity involved in facilitating sales of conventional arms, ballistic missiles, and goods related to weapons manufacturing.
Tanchon Commercial Bank has approximately thirty employees and maintains regional offices specializing in weapons sales in the Middle East, Myanmar, and Africa. The bank serves as a financial arm for North Korea's defense industry and handles foreign currency accounts for the government.