Daedong Credit Bank
10 Years of Commercial Banking Experience in the DPR of Korea
Background
Daedong Credit Bank – DCB – is based in Pyongyang, and provides a range of commercial and retail banking services to the foreign community in the DPRK – that community includes foreign companies, local offices and branches of foreign companies, foreign-invested joint ventures, foreign individuals and relief agencies. DCB was established in 1995, and, celebrating its 10th anniversary on 1st December 2005, has an unrivalled wealth of experience in the DPRK.
It is the only bank in the DPRK with a resident expatriate General Manager, Nigel Cowie, who has held the position since the startup. It is itself a joint venture, the foreign partner being a company owned by a group of professional fund managers in Hong Kong, as well as by General Manager Nigel Cowie.
Services
It offers a range of normal banking services, including current accounts, foreign exchange, remittances, trade finance and other lending. There is often a belief amongst possible investors and business partners with the DPRK that it is difficult to get their money out. This is not the case, and DCB facilitates on a daily basis the remittance of funds covering imports, repatriation of profit, dividends and so on, as well as the payment of local expenses, all in hard currency. Corporate Responsibility As a responsible member of the international financial community, and as a service to its customers, DCB takes very seriously its obligations with regard to money laundering. It was the first bank in the DPRK with a written anti-money laundering procedure manual circulated to all staff and accepted by its overseas correspondent banks.
Contact Details
Daedong Credit Bank 401, Potonggang Hotel Ansan-dong Pyongchon District Pyongyang DPRK Tel: 850 2 381 4866
Mobile: 850 193 801 8400
Fax: 850 2 381 4723
eMail: cowienigel(a)yahoo.co.uk
SWIFT: DCBK KPPY
Nigel Cowie, General Manager
Jo Gun Chan, Deputy General Manager
Kim Chol Sam, Treasurer
Korea Foreign Transporation Corp.
Sungri Street Jung Song Dong Central District Pyongyang
Opening hours: Mon-Fri 09:30-17:30 ; Sat-Sun Closed ; Holidays Closed
DHL Express Foreign Trade Ministry Building Jung Song Dong, Central District Sungri Street Pyongyang / DPRK
Phone +8502 381 43 24 Fax +8502 381 40 44 Email csfnj@dhl.com Email Burmaa.byambaa@dhl.com
The DHL-team in the DPRK: Mr Kang Chan Il, Country Manager; Mr. Ji Chol, Operations Manager; Mr. Miiga Erdenetsogt, Technical Advisor. Mr Poh Eng Seng, General Manager for DPRK and Mongolia, DHL Express, based in Beijing.
Office phone no. +8610-64665566 extension 2068
Internet: www.dhl.com
Karl Geuther & Co.
Martinistrasse 58, D-28195 Bremen
The Karl Geuther Group is well-known to the expatriate community for its Mail-Order Business under the trade name Helia which is introduced hereinafter: Catalogue supply world wide supply to: •Diplomats and employees of embassies and consulates •Expatriates in foreign countries •Duty-free beneficiaries •Members of governmental and private organizations with articles of daily requirement. Trade supply •We offer to manufacturers the full-service to represent their products as an agent. •Tailor-made offers and supply for events, fairs, conventions and casinos. •Offers for the retail trade who wants to incorporate german and international specialities into his existing assortment. •Offers for big projects like canteens and building sites.
Contacts: Bremen Helia Supply Systems Karl Geuther GmbH & Co. KG Martinistr. 58 D-28195 Bremen
Tel.: +49 (0)421 1760-116 ; Fax:+49 (0)421 1760-182 ; E-Mail: helia.hb(a)helia.de
Internet: http://www.helia.de
J. Blicker L. Grabhorn Berlin Helia Supply Systems Karl Geuther GmbH & Co. KG Office Berlin Wallstrasse 9-13 D-10179 Berlin Detlef Schulz: Stefan Wagner:
Fax: +49 (0)30 206297-13 +49 (0)30 206297-12 +49 (0)30 206297-10
Internet: http://www.helia.de
E-Mail: detlef.schulz(a)helia.de ,stefan.wagner(a)helia.de
The Karl Geuther Group, a corporate EBA-member, opened the Europe Shop in the central district of Pyongyang in May 2006.
Korean-Polish Joint Venture Head office
Add: Moranbong District, Pyongyang, DPRK
Tel: 850-2-18111-3814384; Fax: 850-2-3814607; E-mail: korpol(a)co.chesin.com
Branch office
Gorczycowa Str.4F, 81-591 Gdynia Poland
Tel. ++48 (0) 58 629 90 54-55; Fax. ++48 (0) 58 629 90 53; eMail: chopol(a)gdansk.supermedia.pl
Koryo Tours
Koryo Tours (Chonji Group Ltd) is a British-run company based in Beijing and is recognised as the specialist in tourism to DPRK (North Korea). Since 1993 they have visited the country almost every month for group tours, independent travel and exclusive VIP trips. In addition to tourism, Koryo Tours has produced three award-winning documentaries on the country and continues to work on artistic, cultural, sport and educational projects.
KORYO TOURS BRIEF BIOGRAPHY
• Crossing the Line (2006)
Documentary on the US soldiers who defected from South to North Korea in the 1960’s screened at Sundance and Berlin Film Festivals
• A State of Mind (2005)
The first ever access into family life in Pyongyang and the Mass Games (in conjunction with BBC, ARTE and WNET); screened in both North and South Korea.
The Game of Their Lives (2001) the story of the North Korean World Cup team of 1966) in conjunction with BBC4; in 2003,
May 2007 produced Welcome to Pyongyang – a photographic study with Charlie Crane; winner of the 2007 British Journal of Photography International Prize•October
www.koryogroup.com; info(a)koryogroup.com
Office tel: + 86 10 64167544 ; fax: + 86 10 64152653
China mobile: Nick + 86 136... ; Simon + 86 136... ; Hannah + 86 13717971292
Nosotek
Nosotek is the first western IT venture in DPRK (North Korea). In DPRK, software engineers are selected from the mathematics elite and learn programming from the ground-up, such as assembler to C#, but also Linux kernel and Visual Basic macros. Among them, Nosotek has attracted the cream of local talent as the only company in Pyongyang offering western working conditions and Internet access. In addition to the accessible skill level Nosotek was set-up in DPRK because IP secrecy and minimum employee churn rate are structurally guaranteed. Nosotek sells direct access to its 50+ programmers jointly managed by western and local managers.
Services can be invoiced through a Hong Kong or Chinese company.
Benefit from North Korea's opening, outsource to Nosotek
www.nosotek.com
PyongSu
A modern pharma joint venture company ready to cooperate with foreign donors and pharmaceutical companies to make safe quality pharmaceuticals available to hospitals throughout the DPR of Korea View some Images of PyongSu Factory More can be seen on PyongSu’s large photo gallery here: www.pyongsu.com/photogallery.
The parents of the modern PyongSu pharma company are the Pyongyang Pharmaceutical Factory which is a company under the Ministry of Public Health with the longest experience in the field of both traditional and modern medicine and a group of foreign investors with a long and successful experience in pharmaceutical production and distribution in Asia and beyond. They joined hands to make PyongSu a competent and trustworthy partner in the pharmaceutical field.
Safety of pharmaceuticals thanks to clean production Medical experts say that “Unsafe pharmaceuticals are a serious threat to the health of patients”. To make pharmaceuticals safe all the necessary measures were carried out by the company. Thus, a key measure taken by PyongSu to prevent contamination of pharmaceuticals during production is the use of stainless steel facilities and equipment in the manufacturing process according to highest international standards.
Services for foreign donors of pharmaceuticals PyongSu offers contract manufacturing, import, warehousing, (re-)packaging as well as distribution to hospitals throughout the country according to donors´ wishes. PyongSu has won contracts from international organizations on a tender basis against international competition. For Asian and international pharmaceutical companies PyongSu offers contract manufacturing, regulatory services, sales and promotion, product management, market information, import, warehousing and distribution.
To offer complementary information and regular updates on products and services the company set up a website: www.pyongsu.com
Contact: Remy Lardinois, President
Address: PyongSu Pharma Co., Ltd., Daehung-dong, Songyo District, Pyongyang, Democratic People´s Republic of Korea (DPRK),
Tel. 00850-2-381 52 52 , 00850-2-381 43 83 :Fax 008520-2-381 52 48
Email:pyongsupharma (a) yahoo.com
Spirax Sarco Ltd Pyongyang Office
Leaders in steam and process fluid control For over 100 years Spirax Sarco has been partnering steam users worldwide to encourage and promote energy saving technology. In a world where fuel costs are ever increasing Spirax Sarco has the know how ensuring the efficient utilisation of heat energy in steam systems. Steam is the life-blood of modern industry. Every year new processes, involving steam, are created to prepare raw materials and complete finished products, which are consumed in increasing quantities as the world population grows; food, beverages, pharmaceuticals, chemicals, electronics, pulp and paper, rubber and plastics, the list is endless. Steam is often the key utility and process heating media. Steam is versatile. It is not commonly known but it is also used to cool hot things, slowly, such as in metal and glass production. It is also used in absorption chillers to provide commercial refrigeration. Anywhere in the world Spirax Sarco is at hand to support, cooperate, understand and work together to evolve answers no matter how complex the system. Whatever the problem or opportunity, Spirax Sarco has seen it before somewhere in the world. For many years knowledge has been captured by Spirax Sarco and now uses it to train it’s own staff and customers worldwide. The recently established technical office in Pyongyang is further evidence of Spirax Sarco’s resolve to provide know how and technical cooperation and support to steam users throughout the globe. The company is delighted being granted the opportunity to become a member of the EBA in Pyongyang and looks forward to an enjoyable and fruitful relationship for years to come.
Spirax Sarco Representative Office Changgwang Foreigners´ Residential and Office Building Apartment No. 10-3 Central District Pyongyang Democratic People´s Republic of Korea
CIS Group
From its family beginnings in 1872, the CIS Group is now rendering worldwide inspections protecting your interests in international trading at both ends, loading and discharge. Still a family owned and managed company, it is continually developing and offering a total service based on commitment and expertise.
The CIS Group can offer services in over 70 countries through a network of some 125 offices with a total staff of field inspectors, engineers and expediters of an average of 1,450. Today, more and more customers are discovering the benefits of commissioning CIS in all their transactions. Services Analyses and evaluations are carried out promptly and efficiently. Recognizing the needs of industry and government for both speed and accuracy. Consistently, through a program of planned development, we have refined and added to our capabilities to perform quality & quantity determinations and to provide skilled technical staff for onsite supervision. An ongoing schedule of personnel training ensures a team of specialized and competent staff who produce, using the most up to date and appropriate methods, accurate assessments rapidly, thus reducing commercial risks for clients. Inspection of Bulk Cargoes At CIS Group, we are well-versed in the testing and sampling of bulk materials including ores, coal, sulfur, minerals etc. Bulk sampling is conducted by our own inspectors to a rigorous system of checks, ensuring maximum precision at all stages. Inspection of Agricultural Products CIS Grou-p carries out extensive quality control using stringent checks, and establishing grades and results based on appropriate sampling and analysis methods for each particular product.
With an emphasis on quality, inspection of food and feedstuff is carried out. Food additives and contaminants are also analyzed. This work is carried out either in Rotterdam or at research facilities worldwide. Areas of Operation Bulk materials Iron ore, Sulphur, Steel scrap, Base metal, ores Finished Goods Engineering, Finished steel, Steel structures, Chemicals Agriculture Grain, Pulses, Sugar, Cocoa, Rice Pre-Shipment Government contracts, Fertilisers, Edible products, Pharmaceuticals Industrial Services Asbestos tests, Food analysis, Bacteriological Consumer Goods Cloths, textiles, Baby-food, Meat Relief Inspections Tents, Medicines, Seed material, Foodaid Electrical materials Power stations, Transformers, Switchboards, Telecommunication
Dr. Barbara Unterbeck
CIS Commodity Inspection Services BV Rotterdam Permanent Representative to DPR Korea Embassy Village Munsudong Bulgarian Compound Pyongyang, DPR Korea (Korea North)
Mail: barbara.unterbeck(a)yahoo.de
Tel./Fax 00850-2-381 7344 Fax 00850-2-381 7355
www.cis-inspections.com
www.pyongyang-painters.com
is exclusively introducing renowned painters as well as new talents from the Democratic People's Republic of Korea.
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