Korea Pugang Corporation

Korea Pugang Corporation
Hangul
Hanja
Revised RomanizationJoseon Bugang Hoesa
McCune–ReischauerChosŏn Pugang Hoesa

Korea Pugang Corporation (Korean: 조선부강회사) is a North Korean parent company founded in 1979.The company contains 9 companies under its corporate structure. The 9 companies are Pugang trading corporation(부강무역회사), Pugang Electronics(부강전자회사), Pugang Hwangchiryong company(부강황치령회사, also known as 부강샘물회사,Company that deals with bottled water from Hwangchiryong area), Pugang pharmaceutical company(부강제약회사), Pugang motorcycle company(부강오토바이회사), Pugang Natural products company(부강천연제품회사), Pugang glass products company(부강유리제품회사 also known as 부강구슬회사) and Korea Pugang Coins Corp(부강주화회사,that makes commemorative coins) and korea pugang mining and machinery corporation ltd(조선부강광산기계회사).The factories of these companies produce metal, machinery, minerals, chemicals, electric lines, construction material, electricity, and food products.[1]

Pugang pharmaceutical company

The Pugang Pharmaceutic Company (Korean: 부강제약회사,富强製藥會社) is a pharmaceutical company founded in 1983[2] and operated by North Korea's Ministry of Public Health.[3] Although the company did have its assets frozen as a result of U.S. sanctions against North Korea,[4] its products are sold internationally by Lekar Korea, a distributor for the company based in Russia.[5][6]

Products sold by the company are mostly traditional Korean medicine ("Koryo medicine" in North Korea) supplements combined with high-technology products.[2] These products include Royal Blood-Fresh, and Kumdang-2. Many health claims made by the company have been dismissed as non-scientific outside of North Korea.[7][8]

Pugang motorcycle company

The company produced the 124cc motorcycle "PugangCM125" in 2005.[9]

Korea Pugang Coins Corp

The Korea Pugang Coins Corp has been minting coins since 1987. In 2013, 20 one-ounce gold coins minted by the company were purchased in an auction by U.S investor Jim Rogers in Singapore.[10]

References

  1. ↑ "조선부강회사".
  2. 1 2 Tsai, Ting-I (21 February 2007). "North Korea's prescription for prosperity". Korea Times. Retrieved 10 May 2021.
  3. ↑ Jin, Kang Mi (7 February 2017). "North Korean trading companies burdened with excessive loyalty demands". Daily NK. Retrieved 10 May 2021.
  4. ↑ Fifield, Anna (19 June 2015). "North Korea claims it can cure MERS (and a whole bunch of other things)". The Washington Post. Retrieved 10 May 2021.
  5. ↑ "North Korean Miracle Drugs Sold Online By Russian Distributor: Sanctions Schmanctions". Skeptic Review. 8 June 2018. Retrieved 10 May 2021.
  6. ↑ "Thực hư thông tin thuốc chứa vàng chữa ung thư của Triều Tiên" [It is true that the Korean medicine contains gold for cancer treatment]. VTC News (in Vietnamese). 21 December 2017. Retrieved 11 May 2021.
  7. ↑ Talmadge, Eric (27 August 2018). "Ostrich skin and Neo-Viagra? A shopping guide to North Korea". CTVNews. Retrieved 10 May 2021.
  8. ↑ Ji, Dagyum (30 March 2017). "Three Russians arrested in South Korea for selling North Korean drugs". NK News. Retrieved 10 May 2021.
  9. ↑ "北, 부강회사서 125cc 오토바이 출시". nkchosun.
  10. ↑ "Jim Rogers goes long on DPRK coins". nkeconwatch.
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