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RUETIAA/DIRNSA FT GEORGE G MEADE MD
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UNCLAS SEOUL 001822 
 
SIPDIS 
 
E.O. 12958: N/A 
TAGS: ETTC KOMC KS
SUBJECT:  BLUE LANTERN:  VERIFYING BONA FIDES OF REGISTERED BROKER 
JOSEPH YUNG HUCHUN - CASE NO. K-0451 
 
REF:  A) STATE 99535 
 
¶1.  Seoul-based company "Cool and Joy" was founded in March 2000 and 
serves principally as a sales representative for Northrop Grumann 
Information System (NGIS). Per reftel, ECON officer visited Cool and 
Joy headquarters on November 5, 2009 to verify the bona fides of 
registered broker Joseph Yung Huchun, president of the company. 
 
¶2.  According to Post's investigation, Cool and Joy has been located 
at Room 324, Life Officetel, 61-3, 
Yoido-dong, Youngdeungpo-Gu, Seoul, the Republic of 
Korea (ROK) since May 2009.  Roh Je-ho, Managing Director of Cool 
and Joy and the Defense Acquisition Procurement Administration 
(DAPA) separately confirmed to Post that the company is a 
DAPA-registered supplier of components for defense communication 
network system such as gate manager and tigers, commercial version 
of U.S. commanding control system. 
 
¶3. While NGIS is Cool and Joy's main client, company 
founder Joseph Yung Huchun told us the company has 
for five years served as a sales representative for 
Weibel Scientific, a Denmark-based tracking radar 
manufacturer that supplies the Agency for Defense and 
Development (ADD) under the ROK Ministry of National 
Defense with Doppler radar equipment. 
 
¶4.  The company does not have a secured storage facility for USML 
items because it only serves as a broker on behalf of U.S. exporters 
of these items. All imported USML items are directly delivered to 
Korean clients who maintain secured storage facilities. 
 
 ¶5.  Cool and Joy has six employees.  Joseph Yung Hu- 
 chon (Kim Hu-chon), a U.S. citizen, founded the 
 company in March 2000.  Yung spent twenty seven years 
 in the U.S. Army and retired as Director of the 
 JUSMAG, Seoul, ROK in February 1990.  Prior to 
 creating Cool and Joy, from 1990 to 1997 Yung was 
 Vice President of Texas Instruments, Korea.  The main 
 principals include Chung Ji-Yong, Advisor since 2001, 
 who spent thirty-two years with the ROK's Ministry of 
 National Defense.  Im Hyon-Jung, who retired as 
 Director after thirty-six years at the MND, joined 
 the company as an Advisor in 2001.  Min Won-Sik, 
 Managing Director, joined the company in July, 2008 
 after thirty years in the ROK Army.  His last ROK 
 military position was Manager of ROK Army Information 
 System Managing Group. 
 
 ¶6. Main clients for Cool and Joy are:  ROK Ministry 
 of National Defense, Seoul, ROK; DAPA located in 
 Seoul ROK; Korea Agency for Defense Development 
 located in Daejeon, ROK; Korea Institute for Defense 
 Analysis located in Seoul, ROK; Samsung SDS located 
 in Seoul, ROK; LIG Nex 1 located in Seoul, ROK; 
 Huneed located in Kunpo City, Gyeonggi Province, ROK; 
 and Korea Aerospace Research Institute located in 
 Daejeon, ROK. 
 
 ¶7.  The company reported that it has been registered 
 as a broker with the PM/DTCC since 2006.  Yung said 
 the company is fully aware of the importance of the 
 restrictions of USML sensitive items and the 
 prohibitions of retransfers or re-exports of such 
 items and technology.  He emphasized that the 
 company's staff are given updates on the U.S. export 
 controls regulations every year by NGIS's general 
 counsel's office responsible for export controls 
 regulations.  The most recent NGIS briefing on U.S. 
 export control regulations was done in mid-October, 
 2009 in Seoul. 
 
 ¶8. This investigation was conducted through a site 
 visit, as well as telephone and email communications. 
 ICE attache has verified that the company has 
 neither criminal nor derogatory information. 
 Moreover, Post Foreign Commercial Service has also 
 confirmed that the company is a legitimate business 
 entity. 
 
 STEPHENS