Ryonbong
Encyclopedia
Ryonbong General Corp. is North Korea
n Government-owned corporation
, and its purpose is the export of metals, minerals and machines. It has branch offices in many countries. It part-owns the Pyonghwa Motors
car factory in Nampo
in a joint venture
with Sun Myung Moon
's Unification Church
.
North Korea
The Democratic People’s Republic of Korea , , is a country in East Asia, occupying the northern half of the Korean Peninsula. Its capital and largest city is Pyongyang. The Korean Demilitarized Zone serves as the buffer zone between North Korea and South Korea...
n Government-owned corporation
Government-owned corporation
A government-owned corporation, state-owned company, state-owned entity, state enterprise, publicly owned corporation, government business enterprise, or parastatal is a legal entity created by a government to undertake commercial activities on behalf of an owner government...
, and its purpose is the export of metals, minerals and machines. It has branch offices in many countries. It part-owns the Pyonghwa Motors
Pyonghwa Motors
Pyeonghwa Motors , is one of only two car manufacturers and dealers in North Korean automotive industry. It is a joint-venture in Nampo between Pyonghwa Motors of Seoul , a company owned by Sun Myung Moon's Unification Church, and the North Korean Ryonbong General Corp...
car factory in Nampo
Nampo
Namp'o is a city and seaport in South P'yŏngan Province, North Korea. It was a provincial-level Directly Governed City from 1980 to 2004, when it was designated a "Special City" and made a part of South P'yŏngan...
in a joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
with Sun Myung Moon
Sun Myung Moon
Sun Myung Moon is the Korean founder and leader of the worldwide Unification Church. He is also the founder of many other organizations and projects...
's Unification Church
Unification Church
The Unification Church is a new religious movement founded by Korean religious leader Sun Myung Moon. In 1954, the Unification Church was formally and legally established in Seoul, South Korea, as The Holy Spirit Association for the Unification of World Christianity . In 1994, Moon gave the church...
.
See also
- List of North Korean companies
- Economy of North KoreaEconomy of North KoreaThe economy of North Korea is an industrialized and centrally planned economy.North Korea's economy remains one of the world's last centrally planned systems. The role of market allocation is sharply limited – mainly in the rural sector where some peasants sell produce from small private plots....
- in listed by UN official documention see Security Council committee determines items, designates entities subject To measures imposed in resolution 1718 (2006) SC/9642