Ryonbong General Corp. (also known as Korea Ryonbong General Corporation, or Korea Yonbong General Corporation, or LYONGAKSAN GENERAL TRADING CORPORATION ()) is a
North Korea
North Korea, officially the Democratic People's Republic of Korea (DPRK), is a country in East Asia. It constitutes the northern half of the Korean Peninsula and shares borders with China and Russia to the north, at the Yalu (Amnok) and T ...
n
government-owned corporation
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the governmen ...
involved in the export of metals, minerals and machines. It has branch offices in many countries. It used to partially-own the
Pyonghwa Motors
Pyeonghwa Motors (Hangul : 평화자동차) (Hancha : 平和自動車), a Korean language word for "peace", also spelled Pyonghwa, is one of the two car manufacturers and dealers in the North Korean automotive industry, alongside Sungri Motor Pl ...
car factory in
Nampo in a
joint venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and economic risk, risks, and shared governance. Companies typically pursue joint ventures for one of four rea ...
with the
Unification Church
The Family Federation for World Peace and Unification, widely known as the Unification Church, is a new religious movement, whose members are called Unificationists, or " Moonies". It was officially founded on 1 May 1954 under the name Holy Sp ...
of
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korean Peninsula and sharing a land border with North Korea. Its western border is formed by the Yellow Sea, while its eas ...
before Pyonghwa becoming a part of the North Korean state.
Sanctions
The Ryonbong general Corp. is part of a UN weapon embargo since November 2006.
See also
*
List of North Korean companies
North Korea is a country in East Asia, in the northern part of the Korean Peninsula. It claims sovereignty over South Korea. Over time North Korea has gradually distanced itself away from the world communist movement. ''Juche'', an ideology of n ...
*
Economy of North Korea
The economy of North Korea is a centrally planned economy, following '' Juche'', where the role of market allocation schemes is limited, although increasing. , North Korea continues its basic adherence to a centralized command economy. With a ...
References
External links
* in listed by UN official documention se
Security Council committee determines items, designates entities subject To measures imposed in resolution 1718 (2006) SC/9642
Government-owned companies of North Korea
Economy of North Korea
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