[Federal Register Volume 75, Number 226 (Wednesday, November 24, 2010)]
[Notices]
[Pages 71794-71795]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-29549]


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DEPARTMENT OF TREASURY

Office of Foreign Assets Control


Blocking of Specially Designated Nationals Pursuant to Executive 
Order 13551

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice.

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SUMMARY: The Treasury Department's Office of Foreign Assets Control 
(``OFAC'') is publishing the names of two entities whose property and 
interests in property have been blocked pursuant to Executive Order 
13551 of August 30, 2010, ``Blocking Property of Certain Persons With 
Respect to North Korea.''

DATES: The designation by the Director of OFAC of the two entities 
identified in this notice, pursuant to Executive Order 13551 of August 
30, 2010, is effective on November 18, 2010.

FOR FURTHER INFORMATION CONTACT: Assistant Director, Compliance 
Outreach & Implementation, Office of Foreign Assets Control, Department 
of the Treasury, Washington, DC 20220, tel.: 202/622-2490.

SUPPLEMENTARY INFORMATION: 

Electronic and Facsimile Availability

    This document and additional information concerning OFAC are 
available from OFAC's Web site (http://www.treas.gov/ofac) via 
facsimile through a 24-hour fax-on demand service, tel.: (202) 622-
0077.

Background

    On August 30, 2010, the President signed Executive Order 13551 (the 
``Order'') pursuant to, inter alia, the International Emergency 
Economic Powers Act (50 U.S.C. 1701 et seq.), section 5 of the United 
Nations Participation Act of 1945, as amended (22 U.S.C. 287c), the 
National Emergencies Act (50 U.S.C. 1601 et seq.), and section 301 of 
Title 3, United States Code. In the Order, the President found that the 
continued actions and policies of the Government of North Korea, 
manifested most recently by its unprovoked attack that resulted in the 
sinking of the Republic of Korea Navy Ship Cheonan and the deaths of 46 
sailors in March 2010, destabilize the Korean peninsula and imperil 
U.S. Armed Forces, allies, and trading partners in the region, and 
thereby constitute an unusual and extraordinary threat to the national 
security, foreign policy, and economy of the United States. The 
President identified in the Annex to the Order one individual and three 
entities as subject to the economic sanctions in the Order.
    Section 1 of the Order blocks, with certain exceptions, all 
property and interests in property that are in, or thereafter come 
within, the United States, or within the possession or control of 
United States persons, of the persons listed in the Annex, as well as 
those persons determined by the Secretary of the Treasury, in 
consultation with the Secretary of State, to meet any of the criteria 
set forth in subparagraphs (a)(i)-(a)(ii)(G) of Section 1.

[[Page 71795]]

    On November 18, 2010, the Director of OFAC exercised the Secretary 
of the Treasury's authority to designate, pursuant to one or more of 
the criteria set forth in Section 1 of the Order, the entities listed 
below, whose property and interests in property are blocked pursuant to 
E.O. 13551.
    The listing of the blocked entities is as follows:

KOREA DAESONG BANK (a.k.a. CHOSON TAESONG UNHAENG; a.k.a. TAESONG 
BANK), Segori-dong, Gyongheung St., Potonggang District, Pyongyang, 
Korea, North; SWIFT/BIC KDBK KP PY (Korea, North); PHONE 850 2 381 
8221; PHONE 850 2 18111 ext. 8221; FAX 850 2 381 4576; TELEX 360230 and 
37041 KDP KP; TGMS daesongbank; E-mail [email protected] [DPRK]
KOREA DAESONG GENERAL TRADING CORPORATION (a.k.a. DAESONG TRADING; 
a.k.a. DAESONG TRADING COMPANY; a.k.a. KOREA DAESONG TRADING COMPANY; 
a.k.a. KOREA DAESONG TRADING CORPORATION), Pulgan Gori Dong 1, 
Potonggang District, Pyongyang City, Korea, North; PHONE 850 2 18111 
8204/8208; PHONE 850 2 381 8208/4188; FAX 850 2 381 4431/4432; E-mail 
[email protected] [DPRK]

    Dated: November 18, 2010.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. 2010-29549 Filed 11-23-10; 8:45 am]
BILLING CODE 4811-45-P