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), …
Ken Frost in Finals of Accountancy Personality of The Year
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), has reached the finals of PQ Magazine’s 2012 accounting awards. He has been shortlisted …
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, …
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, …
Counterfeit Note Accusation Proven False
The Daedong Credit Bank (DCB) wishes to issue an urgent correction to the false stories that have recently been published by some sections of the media, concerning a deposit for cash made with its correspondent bank the Golomt Bank of Mongolia. On the 21st of …
Daedong Credit Bank Issues Anti Money Laundering Policy
Daedong Credit Bank is proud to be the first bank operating the Democratic People’s Republic of Korea (DPRK) to announce that they have a detailed set of written procedures against money laundering. Money laundering is an issue that is being taken more and more seriously …
