Korea National Insurance Corporation
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Korea National Insurance Corporation
The Korea National Insurance Corporation is an insurance company owned by the North Korean government, founded in 1947. It has about 210 branches throughout the country. While mainly carrying on as an insurance Company, The Korean National Insurance Corporation has also conducted other business activities, such as automotive repair, information technology service, and financial involvements. Korean National Insurance Corporation's Executive Committee of Management The Korean National Insurance Corporation's executive committee of Management is the Top Managing Body of the Korean National Insurance Corporation. Its job is to decide on Important Manners relating to the operation of the Korean National Insurance Corporation, Including a Business Strategy as well as Operational Philosophy and supervises their Implementation. The executive committee of Management is responsible for the general operation of the Korean National Insurance Corporation and composes of people working with ...
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Insurance Company
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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Pyongyang
Pyongyang (, , ) is the capital and largest city of North Korea, where it is known as the "Capital of the Revolution". Pyongyang is located on the Taedong River about upstream from its mouth on the Yellow Sea. According to the 2008 population census, it has a population of 3,255,288. Pyongyang is a directly administered city () with equal status to North Korean provinces. Pyongyang is one of the oldest cities in Korea. It was the capital of two ancient Korean kingdoms, Gojoseon and Goguryeo, and served as the secondary capital of Goryeo. Much of the city was destroyed during the First Sino-Japanese War, but it was revived Korea under Japanese rule, under Japanese rule and became an industrial center. Following the establishment of North Korea in 1948, Pyongyang became its ''de facto'' capital. The city was again devastated during the Korean War, but was quickly rebuilt after the war with Soviet Union, Soviet assistance. Pyongyang is the political, industrial and transport ...
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Insurance Company
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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North Korean Government
In the North Korean government, the Cabinet is the administrative and executive body. The North Korean government consists of three branches: administrative, legislative, and judicial. However, they are not independent of each other, but all branches are under the exclusive political leadership of the Workers' Party of Korea (WPK). Institutions The leader must work through various agents and their institutions, which has the power to delay, modify, or even resist the leader's orders. These institutions may set the overall tone and direction for North Korea's foreign and domestic policy, make suggestions, offer policy options, and lobby Kim himself. The government is also confirmed by the Supreme People's Assembly (SPA). The Premier, who appoints three Vice Premiers and the government's ministers, heads the cabinet. The government is dominated by the ruling Workers' Party of Korea (WPK) and has been since North Korea's inception in 1948. The Cabinet now has the right to supe ...
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North Korea And Weapons Of Mass Destruction
North Korea has a Korean People's Army, military nuclear weapon program, nuclear weapons program and, as of early 2020, is estimated to have an nuclear arsenal, arsenal of approximately 30 to 40 nuclear weapons and sufficient production of fissile material for six to seven nuclear weapons per year.Nuclear Weapons: Who Has What at a Glance
Arms Control Association (updated August 2020)
North Korea has also stockpiled a significant quantity of chemical weapon, chemical and biological weapons. In 2003, North Korea withdrew from the Treaty on the Non-Proliferation of Nuclear Weapons (NPT). Since 2006, the country has been conducting a List of nuclear weapons tests of North Korea, series of six nuclear tests at increasing levels of expertise, prompting the imposition of Sanctions against N ...
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The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, the paper's main news ...
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The Independent
''The Independent'' is a British online newspaper. It was established in 1986 as a national morning printed paper. Nicknamed the ''Indy'', it began as a broadsheet and changed to tabloid format in 2003. The last printed edition was published on Saturday 26 March 2016, leaving only the online edition. The newspaper was controlled by Tony O'Reilly's Irish Independent News & Media from 1997 until it was sold to the Russian oligarch and former KGB Officer Alexander Lebedev in 2010. In 2017, Sultan Muhammad Abuljadayel bought a 30% stake in it. The daily edition was named National Newspaper of the Year at the 2004 British Press Awards. The website and mobile app had a combined monthly reach of 19,826,000 in 2021. History 1986 to 1990 Launched in 1986, the first issue of ''The Independent'' was published on 7 October in broadsheet format.Dennis Griffiths (ed.) ''The Encyclopedia of the British Press, 1422–1992'', London & Basingstoke: Macmillan, 1992, p. 330 It was produc ...
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Government-owned Companies Of North Korea
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-o ...
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Government-owned Insurance Companies
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owned e ...
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