Koryo Bank is a
North Korean bank.
It was originally opened in July 1994.
History
The
bank has about thirty employees and has regional offices specializing in weapon sales in the
Middle East,
Myanmar
Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John C. Wells, Joh ...
, and
Africa.
It is controlled by Korean Workers' Party
Office 39 to control "the service industry, hotels and department stores that cater to foreigners".
According to ''
Business Insider'', Koryo Bank is the financial institution used by the North Korean Office 39 "to repatriate and hold foreign currency accounts"
and, at one time, under the control of the
Ministry of Defense.
At one time, the bank's leader was
Kim Yong-goo.
The bank use to belong to the
Trade Bank.
See also
*
List of banks in North Korea
References
{{reflist
Banks of North Korea