Phoenix Commercial Ventures Files for Dissolution
Further to our decision to withdraw from the DPRK, as per our statement dated 3rd June 2016, the company was formally dissolved in 2016.
Phoenix Commercial Ventures Withdraws From The DPRK
The board of Phoenix Commercial Ventures Ltd has decided to withdraw from the DPRK with immediate effect. As a consequence Phoenix Commercial Ventures Ltd will be dissolved. A further announcement will be made as and when the company is dissolved.
Phoenix Commercial Ventures Terminates Its Association with Hana Electronics
As a result of irreconcilable differences between the board of Phoenix and the local management, Phoenix Commercial Ventures Ltd has terminated its association with Hana Electronics JVC with immediate effect. Hana Electronics JVC was a 50/50 joint venture between Phoenix Commercial Ventures Ltd and the …
Phoenix Commercial Ventures Reacquires Sinji Brand
Phoenix Commercial Ventures Ltd is pleased to announce that it has reacquired the Sinji brand, trademark and associated intellectual property rights. Sinji JVC was a 50/50 joint venture between Phoenix Commercial Ventures Ltd and the Taegyong Economic Group. Phoenix’s share in the company was sold …
Ken Frost Ranked In Financial Power List 2013: Big Hitters
Ken Frost Ranked In Financial Power List 2013: Big Hitters Pyongyang/London, January 8th 2013 Phoenix Commercial Ventures Ltd is proud to announce that Ken Frost MA FCA FIPFM, a director of Phoenix and member of the Institute of Chartered Accountants in England & Wales (ICAEW), …
Foreign Shareholding in Daedong Credit Bank Sold
The Board of Daedong Credit Bank is pleased to announce that the foreign shareholding in Daedong Credit Bank has been sold to a Chinese based corporate entity, the “Nice Group”. The foreign-appointed directors on the Board of Daedong Credit Bank have resigned with immediate effect, …
Ken Frost Appointed To The CanKor Brain Trust of North Korea Experts
Phoenix Commercial Ventures Ltd and Daedong Credit Bank are proud to announce that Ken Frost, board member of Phoenix Commercial Ventures and Daedong Credit Bank, has been appointed to the CanKor Brain Trust of North Korea Experts. Nigel Cowie, CEO of Daedong Credit Bank and …
The Restaurant At Hana
Hana Electronics Opens “The Restaurant at Hana” Pyongyang/London, July 8th 2011 Phoenix Commercial Ventures Ltd (www.pcvltd.com) is proud to announce that Hana Electronics JVC (a 50/50 joint venture based in the DPRK) completed and moved into its new headquarters based near the T’ongil Market in …
Daedong Credit Bank Response To UST Advisory Note Dated 18 June 2009
The Daedong Credit Bank (DCB) notes the recent publication (18th June 2009) by the United States Treasury of an advisory note entitled: North Korea Government Agencies’ and Front Companies’ Involvement in Illicit Financial Activities Daedong Credit Bank would like to take this opportunity to strongly …
Phoenix Commercial Ventures Attends 11th Pyongyang Spring International Trade Fair
The trade fair ran from 12th to 15th May and attracted businesses, their representatives, ambassadors and delegates from countries including the DPRK, China, Taiwan, Singapore, Australia, Indonesia, Britain, Switzerland, Germany, Italy, Hong Kong, Russia, France and the Netherlands. The displays included machine tools, electronics, vehicles, …
