Korea Pugang Corporation

Korea Pugang Corporation (Korean: 조선부강회사) is a North Korean holding company founded in 1979.

Korea Pugang Corporation
Hangul
Hanja
Revised RomanizationJoseon Bugang Hoesa
McCune–ReischauerChosŏn Pugang Hoesa

Subsidiaries

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The companies produce metal, machinery, minerals, chemicals, electric lines, construction material, electricity, and food products.[1] KPC controls 9 subsidiary companies:

  • Pugang trading corporation(부강무역회사)
  • Pugang Electronics(부강전자회사)
  • Pugang Hwangchiryong company(부강황치령회사, also known as 부강샘물회사,which deals with bottled water from Hwangchiryong area)
  • Pugang pharmaceutical company(부강제약회사)
  • Pugang motorcycle company(부강오토바이회사)
  • Pugang Natural products company(부강천연제품회사)
  • Pugang glass products company(부강유리제품회사 also known as 부강구슬회사)
  • Korea Pugang Coins Corp(부강주화회사,that makes commemorative coins)
  • Korea Pugang Mining and Machinery Corporation ltd(조선부강광산기계회사).

Pugang pharmaceutical company

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Pugang Pharmaceutic Company (Korean: 부강제약회사,富强製藥會社) is a pharmaceutical company founded in 1983.[2] It is operated by North Korea's Ministry of Public Health.[3] Although the company had its assets frozen as a result of U.S. sanctions,[4] its products are sold internationally by Lekar Korea, a distributor based in Russia.[5][6]

Products sold by the company are mostly traditional Korean medicine ("Koryo medicine" in North Korea) supplements combined with high-technology products.[2] These products include Royal Blood-Fresh, and Kumdang-2. Many health claims made by the company have been dismissed as non-scientific outside of North Korea.[7][8]

Pugang motorcycle company

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The company produced the 124cc motorcycle "PugangCM125" in 2005.[9]

Korea Pugang Coins Corp

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The Korea Pugang Coins Corp has been minting coins since 1987.[10]

References

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  1. ^ "조선부강회사".
  2. ^ a b Tsai, Ting-I (21 February 2007). "North Korea's prescription for prosperity". Korea Times. Retrieved 10 May 2021.
  3. ^ Jin, Kang Mi (7 February 2017). "North Korean trading companies burdened with excessive loyalty demands". Daily NK. Retrieved 10 May 2021.
  4. ^ Fifield, Anna (19 June 2015). "North Korea claims it can cure MERS (and a whole bunch of other things)". The Washington Post. Retrieved 10 May 2021.
  5. ^ "North Korean Miracle Drugs Sold Online By Russian Distributor: Sanctions Schmanctions". Skeptic Review. 8 June 2018. Retrieved 10 May 2021.
  6. ^ "Thực hư thông tin thuốc chứa vàng chữa ung thư của Triều Tiên" [It is true that the Korean medicine contains gold for cancer treatment]. VTC News (in Vietnamese). 21 December 2017. Retrieved 11 May 2021.
  7. ^ Talmadge, Eric (27 August 2018). "Ostrich skin and Neo-Viagra? A shopping guide to North Korea". CTVNews. Retrieved 10 May 2021.
  8. ^ Ji, Dagyum (30 March 2017). "Three Russians arrested in South Korea for selling North Korean drugs". NK News. Retrieved 10 May 2021.
  9. ^ "北, 부강회사서 125cc 오토바이 출시". nkchosun.
  10. ^ "Jim Rogers goes long on DPRK coins". nkeconwatch.
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