North Korea suspected of using house in London to fund nuclear weapons programme
North Korea is suspected of using a house in London to help fund the country’s nuclear weapons programme. The property situated in Blackheath, in leafy south-east London, has been registered as the UK branch of Korea National Insurance Corporation – the regime’s state controlled insurance firm.
The organisation was placed under EU sanctions last year.
The KNIC is “generating substantial foreign excange revenue which could contribute to [the country’s] nuclear-related, ballistic missile-related or other weapons of mass destruction related programmes”, says the EU sanctions listing.
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Also, insurance company “Office 39” has been linked to funding leader Kim Jong-Un’s lifestyle.
KNIC’s UK assets, including the Blackheath house, have been frozen by the Treasury and cannot be sold without the government’s permission.
According to the North Korean embassy in London, the allegations were “groundless”.
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