Question to the Foreign, Commonwealth & Development Office:

To ask Her Majesty’s Government, further to the Written Answer by Baroness Anelay of St Johns on 3 February (HL4923), whether they have anything to add to their reply about the activities of the Korea National Insurance Corporation; whether they believe that the activities of that Corporation are licit and lawful and whether they believe funds generated by the Corporation have aided the government of North Korea in the development of its nuclear weapons programme.

​The UK has complied with all provisions of the EU designation of Korea National Insurance Company (KNIC). The decision to sanction individuals or entities is taken on a case by case basis in line with evidence. The EU designated the London office of the KNIC on 28 April 2016 and since then the UK has taken the appropriate actions to sanction the firm.