Sunday, March 26, 2023

Designating Those Generating Revenue for the DPRK

The United States is committed to countering the Democratic People’s Republic of Korea’s (DPRK) efforts to generate revenue for its unlawful weapons of mass destruction (WMD) and ballistic missile programs.  Today, we are taking action against three entities and two individuals that have attempted to do so.

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating Chilsong Trading Corporation and Korea Paekho Trading Corporation pursuant to Executive Order (E.O.) 13687 for being agencies, instrumentalities, or controlled entities of the DPRK Government.  OFAC is also designating Hwang Kil Su and Pak Hwa Song, as well as an entity owned or controlled by Pak, Congo Aconde SARL, pursuant to E.O. 13810.

These entities and individuals have all generated revenues, which the DPRK utilizes for its weapons programs.  Pak and Hwang established Congo Aconde SARL in the Democratic Republic of the Congo to earn revenue from construction and statue-building projects with local governments.  Chilsong is subordinate to the DPRK Government, which uses trading companies like Chilsong to earn foreign currency, collect intelligence, and provide cover status for intelligence operatives.  Paekho has generated funds for the DPRK government since the 1980s by conducting art and construction projects on behalf of governments throughout the Middle East and Africa.  Paekho is subordinate to the UN- and U.S.-designated DPRK Ministry of People’s Armed Forces.

Today’s action further aligns U.S. sanctions with our international partners.  The European Union previously designated Chilsong, Paekho, Pak, and Hwang for engaging in sanctions evasion and being responsible for supporting the DPRK’s unlawful nuclear and ballistic missile programs.

For more information on these actions, see Treasury’s press release .

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- Advertisement -publish press release online Announces Crypto Event ‘The Alliance’ proudly presents their first-ever crypto event, "The Alliance," offering a unique opportunity to network with like-minded professionals and gain exclusive insights into the cryptocurrency world. Announces Crypto Event ‘The Alliance’
The Alliance crypto event by

The Alliance crypto event by, a leading online platform for cryptocurrency and blockchain news, is proud to announce its first-ever crypto event, "The Alliance." This annual gathering will take place on Sept. 21, 2023, in the vibrant city of Timisoara, Romania, which has also been designated the European Capital of Culture for 2023.

The Alliance aims to foster crypto adoption and strengthen the European crypto community by bringing together industry leaders, innovators, and enthusiasts from across the continent to share the latest crypto news.

With the inaugural event in Romania, The Alliance will become an annual fixture in the European crypto calendar, moving to a different country each year. This innovative and exciting approach ensures that the event will continue to engage and connect with the ever-evolving and diverse European crypto community.

The Alliance will feature an array of expert speakers, panel discussions, and networking opportunities, all designed to educate, inspire, and encourage collaboration among participants. Attendees can expect insightful presentations on topics such as decentralized finance (DeFi), non-fungible tokens (NFTs), and the future of digital currencies, as well as information on the best crypto to invest in.'s founder, Alex Numeris, expressed his excitement about the upcoming event: "We are thrilled to host the first edition of The Alliance here in Romania, especially during the year when Timisoara is the European Capital of Culture. Our goal is to create a space where crypto enthusiasts, industry leaders, and newcomers alike can come together to learn, share, and collaborate. The Alliance will help drive crypto adoption and foster a thriving community across Europe."

For more information about the event, including the full schedule and list of speakers, visit

About is a premier online platform dedicated to providing the latest bitcoin news, analysis, and insights about the cryptocurrency and blockchain industry. Founded in 2020, has rapidly become a trusted source of information for crypto enthusiasts, investors, and professionals across Europe.

The platform offers a variety of resources, including a free cryptocurrency course, articles on the best crypto exchanges and more.

Stay up-to-date with the most recent crypto news and bitcoin news by visiting

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Original Source: Announces Crypto Event 'The Alliance'
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