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| Type | Company | [sources] | |||
|---|---|---|---|---|---|
| Name | KORTEC | [sources] | |||
| Other name | КОРТЭК | [sources] | |||
| Incorporation date | not available | [sources] | |||
| Jurisdiction | not available | [sources] | |||
| Country | Russia | [sources] | |||
| Description | Front company of Korea Ryonha Machinery Joint Venture Corporation in Russia, which facilitated business relationships with machinery producers. According to the February 2015 Panel of Experts report, Figure XXVII p67, the Russian Federation indicated that "KORTEC terminated its relationship with Ryonha in 2013". However, the Panel expresses doubt regarding this information. | [sources] | |||
| Registration number | not available | [sources] | |||
| Address | Moscow, Russia | [sources] | |||
| Source link | www.nknews.org | [sources] | |||
| Last change | Last processed | First seen | |||
According to Paragraph 167 (p. 58-59) of the UN Panel of Experts February 2016 report, the Panel reiterated its conclusion to add KORTEC as an alias of the designated Korea Ryonha Machinery Joint Venture Corporation. Due to KORTEC being a foreign office that has relationship to the main company, it has a separate entry in this database.
A database of entities and events related to North Korea's sanctions evasion efforts.
United Kingdom · RUSI · non-official source
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| Employees | ||||
|---|---|---|---|---|
| Employee | Role | Start date | End date | |
| Li Yi | Sales agent | - | - | |
| Linked from | ||||
|---|---|---|---|---|
| Subject | Role | Start date | End date | |
| Korea Ryonha Machinery Joint Venture Corporation Sanctioned entity · Counter-sanctioned entity | KORTEC is a branch/front company of Korea Ryonha Machinery Joint Venture Corporation in Russia | - | ||
| Dandong Yisheng Trade Co. Ltd. | Dandon Yisheng has used KORTEC branding | - | ||
| Linked to | ||||
|---|---|---|---|---|
| Object | Role | Start date | End date | |
| YIDA Precision Machinery Company Ltd. | Business partner | - | - | |
| Exact Machinery Co. Ltd. | Exclusive rights owner for Exact Machinery products in Russia | - | - | |
| Pinacho | Business partner | - | - | |
| KS Service Centre | KS is an authorized supplier for KORTEC | - | - | |
| Lilian Machine Industrial Co. Ltd. | Business partner | - | - | |
| Gentiger Machinery Industrial Co. Ltd. | Business partner | - | - | |