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Pan Systems Pyongyang

Sanctioned entity
TypeCompany[sources]
NameGlocom · International Global System · International Golden Services · PAN SYSTEMS PYONGYANG · Pan Systems Pte. Ltd. (Pyongyang branch) · 2 more...[sources]
Other nameGlocom · Glocom International Golden Services · International Global System · International Golden Services · International Golden Services, International Global System · 4 more...[sources]
Incorporation datenot available[sources]
Jurisdictionnot available[sources]
CountryNorth Korea[sources]
DescriptionKey player in financial operations related to the network of Global Communications (Glocom) in order to circumvent sanctions on behalf of the DPRK. Pan Systems in Singapore started doing business in 1996. Almost two years later, Ryang Su Nyo suggested establishing a representative office to help her in sales and logistics. The company is operated by the DPRK Reconnaissance General Bureau (RGB; KPe.031) and was designated by South Korea in March 2016. "According to a UN Member State, an Indonesian company, Advanced Technology Facility, on behalf of Pan Systems Pyongyang, provided training on how to use Glocom radios to the Ethiopian National Defence Forces in December 2022."[sources]
Phone+850-218-111 (ext. 8636)[sources]
Registration numbernot available[sources]
Websiteglocom-corp.com[sources]
AddressRoom 818, Pothonggang Hotel, Ansan-1-Dong, Pyongchon district, Pyongyang, North Korea · Room 818, Pothonggang Hotel, Ansan-Dong, Pyongchon district, Pyongyang · Room 818, Pothonggang Hotel, Ansan-Dong, Pyongchon district, Pyongyang, KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF · Room 818, Pothonggang Hotel, Ansan-Dong, Pyongchon district, Pyongyang, RPDC · Room 818, Pothonggang Hotel, Ansan-Dong, Pyongyang, North Korea[sources]
Source linkgels-avoirs.dgtresor.gouv.fr · www.nknews.org[sources]
Last changeLast processedFirst seen

Descriptions

Pan Systems is controlled by and works on behalf of the Reconnaissance General Bureau

— Belgian Financial Sanctions,

Pan Systems is controlled by and works on behalf of the Reconnaissance General Bureau

— EU Financial Sanctions Files (FSF),

Pan Systems a aidé à contourner les sanctions imposées par le Conseil de sécurité des Nations unies en tentant de vendre des armes et du matériel connexe à l’Érythrée. En outre, Pan Systems est contrôlée par le Reconnaissance General Bureau (Bureau général de reconnaissance), entité qui a été désignée par les Nations unies, et œuvre pour son compte. Dans son rapport final de mars 2023, le groupe d’experts des Nations unies présente des informations selon lesquelles Pan Systems continue de participer à des tentatives d’exportation d’armes.

— French National Asset Freezing System,

Pan Systems is also controlled by and works on behalf of the Reconnaissance General Bureau which has been designated by the United Nations.

— UK FCDO Sanctions List,

Pan Systems is also controlled by and works on behalf of the Reconnaissance General Bureau which has been designated by the United Nations.

— UK HMT/OFSI Consolidated List of Targets,

According to Paragraph 85 (p. 36) of the UN Panel of Experts February 2017 report, the Panel is investigating if Pan System Pyongyang's alias "Wonbang Trading Co." is actually referring to the North Korean company "Wonbong Trading Co.". Global Communications as well as International Golden Services and International Global System are listed as aliases of Pan Systems Pte. Ltd. (Pyongyang branch) in the recommendation for designation by the UN Panel of Experts since September 2017.

— DPRK Reports non-official source,

Relationships

Data sources

UK HMT/OFSI Consolidated List of Targets6,281

The United Kingom's consolidated international sanctions list.

United Kingdom · OFSI

UK FCDO Sanctions List4,736

UK sanctions collated by the Foreign, Commonwealth & Development Office

United Kingdom · FCDO

DPRK Reports5,540

A database of entities and events related to North Korea's sanctions evasion efforts.

United Kingdom · RUSI · non-official source

Belgian Financial Sanctions6,603

Belgium extends the European FSF sanctions list on the basis of a national terrorist list, issued by the National Security Council

Belgium · FOD

Monaco National Fund Freezing List4,554

A list of entities subject to fund and economic resource freezing procedures

Monaco · Monaco

French National Asset Freezing System5,117

The register lists all persons, entities and vessels subject to asset freezing measures in force on French territory, pursuant to national, European and international (UN) provisions.

France · DGT

EU Financial Sanctions Files (FSF)6,368

As part of the Common Foreign Security Policy the European Union publishes a sanctions list that is implemented by all member states.

European Union · DG FISMA

Source data IDs: mc-freezes-c47fa2c8fb502d4695cef07b1c38c8993a94b8a2 · fr-ga-2426 · eu-fsf-eu-4082-36 · gb-fcdo-dpr0064 · kprusi-d34a6b248122bde65f048b256557d199405a0046 · gb-hmt-13553

For experts: raw data explorer

FactsheetDescriptionsData sources
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