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Central Bank Of The Democratic People's Republic Of Korea
The Central Bank of the Democratic People's Republic of Korea is North Korea's central bank. Established on December 6, 1947, it issues the North Korean won, North Korean won. The Bank is subordinated to the Cabinet of North Korea. Since 2023, the president of the bank has been Paek Min Gwang. The bank served as the ''de facto'' commercial bank of North Korea until the Kim Jong-un era, when financial and banking reforms separated the central bank from commercial functions. History In December 1945, the Pyongyang branch of the Bank of Chōsen created a temporary monetary office, known as the "calculation office". On , the central bank of North Korea was created with use of all branches of the Bank of Chōsen on North Korean territory. In practice, that central bank was under the control of the Soviet Armed Forces. It was complemented in April 1946 by the creation of a Farmers' Bank. However, the Soviet-controlled central bank failed to accomplish its objectives, being unable to mee ...
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Central District (Pyongyang)
Chung-guyok () is one of the 19 ''Administrative divisions of North Korea#Second-level divisions, guyok'' which constitute the city of Pyongyang, North Korea. The district is located in the center of the city, between the Pothonggang Canal and Taedong River, and is bordered to the north by Moranbong-guyok, to the northwest by Potonggang-guyok, and to the south by Pyongchon-guyok. Overview As the centre of Pyongyang, the district holds many of the city's most important buildings. The famous Kim Il-sung Square is located along the banks of the Taedong river, together with the Grand People's Study House, which is the national library of North Korea. Chung-guyok was once the historical centre of Pyongyang, and was almost completely obliterated during the Korean War by American bombing. Vestiges of the old city can still be seen, and the district is home to several of North Korea's National Treasures of North Korea, National Treasures, including the rebuilt Potongmun, Potong and Taedon ...
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Kim Kyo-yong
Kim may refer to: People and fictional characters * Kim (given name), a list of people and fictional characters * Kim (surname), a list of people and fictional characters ** Kim (Korean surname) *** Kim dynasty (other), several dynasties *** Kim family (other), various Korean families and clans **** Kim family (North Korea), the rulers of North Korea since Kim Il Sung in 1948 ** Kim, Vietnamese form of Jin (Chinese surname) * Kim (footballer, born 1933), Brazilian footballer Alcy Martha de Freitas * Kim (footballer, born 1980), Brazilian footballer Carlos Henrique Dias * Kim people, an ethnic group of Chad * Kimberly "Kim" Wexler, a fictional character in the Breaking Bad spin off series, Better Call Saul. Arts, entertainment and media * ''Kim'' (album), a 2009 album by Kim Fransson * "Kim" (song), 2000 song by Eminem * "Kim", a song by Tkay Maidza, 2021 * ''Kim'' (novel), by Rudyard Kipling ** ''Kim'' (1950 film), an American adventure film based on ...
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Ministry Of Finance (North Korea)
The Ministry of Finance () is a government ministry in North Korea which is responsible for planning and managing the economic policies of the Democratic People's Republic of Korea. It deliberates the budget, establishes tax and economy policies, establishes fiscal policies and national financial management plans, organizes budgets, and discusses plans for fund management. It is a department in charge of coordination, budget and fund execution and management. It was formed in September 1948. Ministers of Finance See also *Cabinet of North Korea *Central Bank of the Democratic People's Republic of Korea *Economy of North Korea References {{portal bar, North Korea Cabinet of North Korea Government of North Korea Economy of North Korea 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 Korea, Korean Peninsula and borders China and Russia to the north at the Yalu Riv ...
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Rodong Sinmun
''Rodong Sinmun'' (; ) is a North Korean official newspaper of record of the Central Committee of the Workers' Party of Korea. It was first published on 1 November 1945, as ''Chŏngro'' (), serving as a communication channel for the North Korea Bureau of the Communist Party of Korea; it was renamed in September 1946. Quoted frequently by the Korean Central News Agency (KCNA) and international media, it is regarded as a source of official North Korean viewpoints on many issues. An English-language version of ''Rodong Sinmun'' was launched in January 2012. The editor-in-chief is Kim Pyong-ho. A list of articles published in ''Rodong Sinmun'' since 1946 is available online on the websites of the Information Center on North Korea (unibook.unikorea.go.kr) and the North Korea information portal (nkinfo.unikorea.go.kr). Contents ''Rodong Sinmun'' is published every day of the year and usually contains six pages.Holloway, Andrew (2003)A Year in Pyongyang. Aidan Foster-Carter. ...
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Paek Min Gwang
Baek (), also often spelled Paek, Baik, Paik, or Back is a Korean family name. In the year 2000, there were 351,275 people with this surname in South Korea. The word means the color white. Baek (白) "白" has a Cantonese origin from the Yuan dynasty and Goryeo dynasty. *Baek Wu Kyung (白宇經) of the Suwon Baek clan, cousin of Bai Juyi of the Tang dynasty, is the origin of this name. Baek (苩) Some Baekje refugees from the late Silla age had this surname. *Paik Ga (苩加), Mahan ruler *Paik Yong (苩龍), Silla general *Paik Ki (苩奇), Baekje general *Paik Ga (苩加), Baekje painter Notable people Back * Back Hye-ryun (born 1967), South Korean prosecutor-turned parliamentarian * Back Min-chul (born 1977), South Korean retired football goalkeeper * Back Sang-won (born 1988), South Korean baseball player Baek *Baek A-yeon (born 1993), South Korean singer and songwriter * Baek Bong-ki (born 1980), South Korean actor * Cha-seung Baek (born 1980), Korean-American former pro ...
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The Pyongyang Times
''The Pyongyang Times'' is a weekly state-controlled English and French-language newspaper published in the North Korean capital, Pyongyang, by the Foreign Languages Publishing House. It is the foreign-language edition of the '' Pyongyang Sinmun''. History and availability The eight-page tabloid was first launched on 6 May 1965 and is distributed in approximately 100 countries."North Korea This Week No. 435 (8 February 2007)." Yonhap. For this reason, its staff are trained in English abroad. The newspaper also runs a website in several languages. Fifty-two issues of the paper are published annually. there have been 2,672 issues. The circulation of the English and French editions is 30,000. In North Korea, ''The Pyongyang Times'' is in hotel lobbies, flights into the country, and other places frequented by foreigners. Naenara, the official North Korean news source, is the home of ''The Pyongyang Times''. Structure and content The front cover is usually devoted to Kim Jong ...
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Chae Song-hak
Chae Song-hak (; born ) is a North Korean politician who served as the President of the Central Bank of the Democratic People's Republic of Korea from 2021 to 2023. He was also the Vice Chairman of the Port Authority of Rason City from 2005 to 2010. Career Rason City As the Vice Chairman of the Port Authority in Rason, Chae was reportedly instrumental in the idea and establishment of its free-trade zone. President of the Central Bank Chae was appointed as President of the Central Bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ... in January 2021 to succeed Kim Chon-gyun. Due to his position, he then became a member of the 14th Cabinet of North Korea. He was also named as a member of the Central Committee. References North Korean politicians North Korean ba ...
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Kim Chon-gyun
Kim Chon-gyun (, born 17 March 1960) is a North Korean politician and served as President of the Central Bank of the Democratic People's Republic of Korea since 2014. In May 2016, he was elected as an alternate member of the Central Committee of the Workers' Party of Korea The Central Committee of the Workers' Party of Korea is the Central committee, highest organ between National meetings of the Workers' Party of Korea, national meetings of the Workers' Party of Korea (WPK), the ruling party of North Korea. Accor .... He was reelected in March 2019. References Profile of Kim Chon Gyun Living people 1960 births Workers' Party of Korea politicians Members of the Supreme People's Assembly North Korean bankers President of the Central Bank of the Democratic People's Republic of Korea {{NorthKorea-politician-stub ...
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Paek Ryong-chon
Baek (), also often spelled Paek, Baik, Paik, or Back is a Korean family name. In the year 2000, there were 351,275 people with this surname in South Korea. The word means the color white. Baek (白) "白" has a Cantonese origin from the Yuan dynasty and Goryeo dynasty. *Baek Wu Kyung (白宇經) of the Suwon Baek clan, cousin of Bai Juyi of the Tang dynasty, is the origin of this name. Baek (苩) Some Baekje refugees from the late Silla age had this surname. *Paik Ga (苩加), Mahan ruler *Paik Yong (苩龍), Silla general *Paik Ki (苩奇), Baekje general *Paik Ga (苩加), Baekje painter Notable people Back * Back Hye-ryun (born 1967), South Korean prosecutor-turned parliamentarian * Back Min-chul (born 1977), South Korean retired football goalkeeper * Back Sang-won (born 1988), South Korean baseball player Baek *Baek A-yeon (born 1993), South Korean singer and songwriter * Baek Bong-ki (born 1980), South Korean actor * Cha-seung Baek (born 1980), Korean-American former pro ...
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Kim Wan-su
Kim Wan-su (born 10 May 1939) is the Vice Chairman of the Supreme People’s Assembly (SPA) of the Democratic People's Republic of Korea (DPRK, North Korea). He was demoted from his positions as President of the Central Bank of the Democratic People's Republic of Korea and as Minister of Finance by the SPA in September 2009, five months after his appointment. He was also the deputy finance minister and became the president of the Central Bank of the DPRK in October 2004 when former President Jong Song-thaek (정성택) was dismissed (according to Radio Pyongyang). He attended the annual central bank governors meeting of the Bank for International Settlements (BIS) in Basel, Switzerland Switzerland, officially the Swiss Confederation, is a landlocked country located in west-central Europe. It is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland ..., in June 2004 and June 2005. At the 2005 ...
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Yonhap News Agency
Yonhap News Agency (; ) is a major news agency in South Korea. It is based in Seoul, South Korea. Yonhap provides news articles, pictures, and other information to newspapers, TV networks and other media in South Korea. History Yonhap was established on 19 December 1980, through the merger of Hapdong News Agency and Orient Press. The Hapdong News Agency itself emerged in late 1945 out of the short-lived Kukje News, which had operated for two months out of the office of the Domei, the former Japanese news agency that had functioned in Korea during the Japanese Japanese colonial era. In 1999, Yonhap took over the Naewoe News Agency. Naewoe was a South Korea government-affiliated organization, created in the mid 1970s, tasked with publishing information and analysis on North Korea from a South Korean perspective through books and journals. Naewoe was known to have close links with South Korea's intelligence agency, and according to the British academic and historian James Hoar ...
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