News
Here is the latest news about Phoenix Commercial Ventures Ltd:
21 October 2008
Phoenix Commercial Ventures Ltd attended the 4th Pyongyang Autumn International Trade Fair in the DPRK last month.
Nigel Cowie (who is CEO of Phoenix, General Manager and CEO of Daedong Credit Bank and was elected President of the European Business Association earlier this year) said:
"The trade fair is a very vibrant event, as those who attend it know. Here you can find some of the best of the local Korean companies - and there are some very good ones - equally, we had the chance to showcase some of the best joint venture companies.
Phoenix Commercial Ventures, and its joint venture companies Hana Electronics and Sinji, as well as Daedong Credit Bank, are well established businesses which have outstanding reputations because they are well run and have first class people working for them."
The full text of the press release can be read here.
2 September 2008
Phoenix Commercial Ventures Ltd and Daedong Credit Bank are proud to announce that Nigel Cowie, CEO of Phoenix Commercial Ventures and CEO/General Manager of Daedong Credit Bank has been appointed President of the European Business Association (EBA) in Pyongyang.
The full text of the press release can be read here.
20 May 2008
Phoenix Commercial Ventures Ltd attended the 11th Pyongyang Spring International Trade Fair in the DPRK last week.
Nigel Cowie (who is CEO of Phoenix, General Manager and CEO of Daedong Credit Bank and Vice President of the European Business Association) said:
"The trade fair provides an ideal venue and opportunity for companies to showcase their products and services, as well as providing an excellent networking opportunity. Phoenix Commercial Ventures and Daedong Credit Bank are proud to have participated in this regular event, which provides a springboard for economic development and growth.
Although the fair provides the opportunity for participants to establish new contacts for trade relationships, we also wanted to emphasise investment opportunities. Something that is often overlooked is that it is perfectly possible to create and run successful joint ventures in the DPRK. We have shown this with Daedong Credit Bank, which has been operating successfully for 13 years, and with Hana Electronics, which has been doing the same for five years, and are in the process of repeating the process with Sinji JVC, our youngest joint venture."
The full text of the press release can be read here.
8 May 2008
Phoenix Commercial Ventures Ltd is proud to announce that Hana Electronics JVC will, on the 10th of May, celebrate the fifth anniversary of its establishment.
Hana Electronics JVC is a 50/50 joint venture between Phoenix Commercial Ventures Ltd and the Trade Department of The Ministry of Culture of the DPRK.
Hana is now ranked as one of the top three best performing joint ventures in DPRK, as assessed by the Ministry of Finance.
The full text of the press release can be read here.
8 April 2008
Phoenix Commercial Ventures Ltd is pleased to announce that Ken Frost MA FCA FIFPM, a director of Phoenix Commercial Ventures Ltd, has joined the board of Sinji JVC as an executive director.
Sinji JVC is a 50/50 joint venture between Phoenix Commercial Ventures Ltd and the Korea Committee for the Promotion of External Economic Cooperation (CPEEC).
The full text of the press release can be read here.
21 January 2008
Phoenix Commercial Ventures Ltd is featured in an article in the Financial Times written by Andrew Wood. The article can be read on the FT's website.
24 September 2007
Phoenix Commercial Ventures Ltd is proud to announce that Ken Frost MA FCA FIPFM, a director of Phoenix and member of the Institute of Chartered Accountants in England & Wales (ICAEW), has reached the finals of the awards for Accountant of The Year 2007 made by the Association of International Accountants (AIA).
The winner will be announced, and the award made, at the President's Dinner and Awards 2007 on the 21st of November 2007 at Lincoln's Inn.
This award is designed to recognise organisations' accountancy stars.
The full text of the press release can be read here.
12 September 2007
Phoenix Commercial Ventures Ltd is proud to announce that Ken Frost MA FCA FIPFM, a director of Phoenix and member of the Institute of Chartered Accountants in England & Wales (ICAEW), has been nominated for the award of Accountant of the Year in the Association of International Accountants (AIA) President's Awards 2007.
This award is designed to recognise organisations' accountancy stars.
The full text of the press release can be read here.
14 August 2007
Phoenix Commercial Ventures featured in Newsweek.
12 December 2006
Olivier Roux, a director of Phoenix Commercial Ventures Ltd, addressed the Joint Workshop and Business Seminar "Korea and France in the Globalising World" at the Sciences Po Asia Centre, Institut d'Etudes Politiques de Paris, hosted by the Fondation Nationale des Sciences Politiques.
To view pictures of the workshop, please visit our Gallery.
An edited summary powerpoint of Olivier's presentation can be downloaded here Phoenix Powerpoint.
17 November 2006
Phoenix Commercial Ventures Ltd is proud to announce that Ken Frost MA FCA, a director of Phoenix and member of the Institute of Chartered Accountants in England & Wales (ICAEW), has been awarded an honorary fellowship of the Institute of Professional Financial Managers.
The Institute of Professional Financial Managers is a leading international institute that aims to promote and advance professional financial management, and sets/accredits those standards in professional financial management that define best practice. The full text of the press release can be read here.
11 April 2006
To view the powerpoint presentation given at the Pyongyang European Business Association by Nigel Cowie, General Manager of the Daedong Credit Bank and Director of Phoenix Commercial Ventures, as to the effects of the US Treasury actions against the DPRK please visit this link US Financial Allegations - What They Mean.
28 March 2006
Phoenix submits its views to the International Federation of Accountants (IFAC), on the IFAC exposure draft Guidance for the Development of a Code of Corporate Conduct.
16 March 2006
The Daedong Credit Bank (DCB) wishes to issue an urgent correction to the false stories that have recently been published by some sections of the media, concerning a deposit for cash made with its correspondent bank the Golomt Bank of Mongolia. The full text of the press release can be read here.
12 January 2006
Phoenix Commercial Ventures Ltd is proud to announce that Ken Frost, a director of Phoenix and member of the Institute of Chartered Accountants in England & Wales (ICAEW), has been ranked within the Financial Power List 2006. The full text of the press release can be read here.
28 November 2005
Daedong Credit Bank is proud to announce that the 1st of December 2005 marks its tenth year of business operations within the Democratic People's Republic of Korea (DPRK). The full text of the press release can be read here.
25 October 2005
Phoenix Commercial Ventures Ltd is proud to announce that it has today formally published a Code of Conduct covering ethical behaviour. Phoenix Commercial Ventures Ltd is committed to being a responsible corporate citizen and to the pursuit of a sustainable future, both economic and social. The full text of the press release can be read here.
To learn more about our Code of Conduct please visit Code of Conduct.
22 July 2005
Citadel Advantage Ltd, Daedong Credit Bank and Phoenix Commercial Ventures Ltd have agreed to work together to provide the DPRK with resources and advice; whereby banks and commercial organisations operating within the DPRK can learn more about the international banking system, and best practices within the international banking community. To learn more, please read the announcement here.
1 June 2005
Phoenix Commercial Ventures Ltd is pleased to announce its formal launch. Phoenix Commercial Ventures Ltd offers investors business and investment opportunities in the Democratic People's Republic of Korea (DPRK), enabling them to take advantage of the economic reforms that are taking place there.
Phoenix Commercial Ventures Ltd is owned and run by four experienced professionals from; the UK, France and the DPRK. They are based in London, Paris and the DPRK. To learn more, please read the announcement here.
Please feel free to contact us, via our contact form.
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