Front companies & supply chains
Room 39 is believed to control or influence dozens of trading entities — names such as Zokwang Trading, Taesong Bank, and Korea Daesong Bank appear repeatedly in sanctions and investigative reporting. Textiles, seafood, coal, ginseng, and minerals are exported with falsified country-of-origin labels; joint ventures in China, Russia, and Southeast Asia move cash by ship, rail, and shell accounts.
- KNIC (Korea National Insurance Corp.) ran a global reinsurance fraud scheme; EU sanctions tied it to Office 39
- London and Hamburg offices held hundreds of millions in assets before freezes
- Kaesong Koryo Insam Trading Corp. assessed by ROK intelligence as a Room 39 front (2020)
Sources: Wikipedia; The Guardian; Korea JoongAng Daily; EU sanctions listings